Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

Consumer Cyclical Restaurants

SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership.

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Sir Royalty Income Fund > Decent report and waiver extended

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Comment by flamingogoldon Apr 01, 2021 9:49am

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Post# 32921936

RE:RE:RE:Decent report and waiver extended

That is my interpretation too.

Bottom line the vaccine is working. No deaths have occured in long term care homes since receiving their doses and this was the hardest hit group. It's now just a race against time.

I must say I am disppointed with Ford who flip flops more than a seal out of water. Just days ago he announces hair salons to open in April and now they are shuttered again BEFORE they even reopen? Dougie... the spread is not coming from there, salons have been closed since late November. Just the same. the spread is not coming from outdoor dining either which have only seens a few weeks of operation. It is not only frustrating but costly to have business prepare to open and then days later shut them down. Ridiculous and incompetent.

BlueJay2020 wrote: Just boilerplate disclaimer stuff that they are required to say. I wouldn't read anything into it at all.

pjn0987654321 wrote: I read it and they do mention "going concern" but I can't tell if they are issuing a going concern warning or not.

"the Fund's ability to continue as a going concern for the next 12 to 18 months involves significant judgement."

Is that a going concern warning?