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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Comment by flamingogoldon Jun 01, 2021 5:10pm

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RE:RE:RE:RE:RE:RE:RE:RE:RE:In what world…

I own the Keg too, not a huge position about $30k. While the quality has dropped, it's been marginal and the brand is tops in its space. Canyon could not compete and since covid many smaller steakhouses have gone under. Keg will do well post covid. I hope to see $20 in the next 6mths - 1 year with some dividend raises on top. This Dec/Xmas holiday traffic is going to be epic across the hospitality sector.

Robsopinion wrote:
Jacks was having its lunch eaten by Chucks roadhouse. They would drop stores as close to them as possible for the cheapest price (rent and building cost) but every concept has its own challenges and flaws.

the keg, while I hold a position in them as well (in the $50k range) Recipe, basically owns them. My investment in the keg was simply a collect the dividends until the buyout offer comes in. Quality has gone down hill faster than me out of the water at the polar bear dip. Customers want value. They will not pay inflated prices for sub standard for long.

still waiting for the buyout.