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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund

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Post by flamingogoldon May 13, 2021 11:17am

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Keg starting to move above resistance

Despite a tough Q1 with more than 50% of stores shuttered for indoor dining and an expeccted rough Q2...investors are willing to pay up for the stock based on this sentiment from the report:

"where dining has returned in other countries, including the U.S., restaurants have been extremely busy. Our belief is the pent-up demand and the desire for people to get back out in the 'real' world' will lead to a swift and strong recovery for restaurants in Canada as well"

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