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 > Wow! Irvine Votes for Lembit!

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Comment by BlueJay2020on Jun 08, 2021 6:33pm

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Post# 33352456

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Wow! Irvine Votes for Lembit!

Nicely done. Embarrassingly, my wife's TFSA is by far the laggard of all the accounts I manage, even though it's up 100% since March 23. I made a couple of very expensive mistakes, and it will be years before it gets in the black.

However, you've just put Chorus back on my radar (see what I did there?). I owned it pre-pandemic and then for a while in the early stages, but I (correctly) saw more value elsewhere. I've just seen that Dic k Falconer recently made a sizeable purchase, and that's good enough for me. I will be buying aggressively from tomorrow. I can see 50% upside from here within a year and a divi reinstatement with a yield north of 7-8%, I held American Hotel Properties and exited at the same time - however, I think Chorus is a better quality stock.

flamingogold wrote: Well, tbh I don't recommend it to anyone... it's been a headache to hold. Since Rob said he owned some and admitted he wasn't up to date with it I chimed in. I didn't buy any of it for my wife's TFSA, which I manage for her, and she is up to almost 200k in that portfolio (almost a 3 bagger from the max $75,500 we are allowed to start with) and making almost $1300k/mth in tax free divs and more to come once CHR resumes divs next year. Far better performance than my own TFSA which holds all the BBD shares. Certainly not my greatest move.

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