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 > Latest share price move...

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Post by flamingogoldon May 31, 2021 10:02am

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Latest share price move...

Could be attributed to the re-opening of outdoor patios and eventual indoor dining rooms.

However, we also might get an update on what happens to Renegade Chicken as the pilot ghost kitchen ends today. My gut feeling is the program achieved success, now how it gets treated going forward remains to be seen, which leads to the next point. The AGM is in a few weeks where Mr. Janes and 2 nominees of his could become members of the board which would be good for shareholders.

Having said that, the big fish continue to accumulate, with Mr. Irvine's latest buy at $7.62.

Lots of postives in the weeks/months ahead.

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Geologica Resource: Polymetallic upside at a depressed price