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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 > In what world…
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Comment by BlueJay2020on Jun 01, 2021 11:32pm
43 Views
Post# 33308898

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:In what world…Yeah, I find them a really intriguing play but not for the faint of heart - with yields that high there has to be a catch somewhere!  One thing I find confusing is the potentially different tax treatment of distributions - dividends vs cap gains or ROC.  Is there anywhere that provides a good summary?

I currently only have about $25k split across DFN and FTN.  I think they can be used to juice portfolio yield quite dramatically, meaning the rest of your investments can be lower risk accordingly.  The reality is that almost all stocks got crushed in March 2020 pretty indiscriminately - the key is making sure you know which ones are going to rebound the quickest!


flamingogold wrote: BJ, since you mentioned it, the split share scene are an active trade of mine. High risk, high reward, not for everyone for sure. DGS has been my biggest winner of all. Owned it coming out of the financial crises when rates crashed and held it up until 2019 as fiscal policy tightened.

Have to admit, my timing was really good on it. Rebought during the storm last year and now collect a 33% tax free distribution since it's all inside a TFSA. I also own some DFN which have paid a steady double digit distribution for over a decade aside from a few missed months during covid. Catch them cheap and they can reward for years.


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