Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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 > Lender of last resort

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Post by BlueJay2020on Apr 26, 2021 9:45am

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Post# 33065789

Lender of last resort

Do we think it possible that Janes might be a lender of last resort for SIR CORP if needed? He has an increasing amount of skin in the game. SIR CORP would have to swallow their pride, but if it was that or going bust....

I am not suggesting that we are close to that scenario, but looking at worst case scenarios if this drags on through the summer.

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