Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

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 > Late day bump up

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Comment by Robsopinionon Jun 26, 2021 10:07am

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Post# 33455804

RE:RE:Late day bump up

I'm not trying to say anyone is shorting it, I'm saying they are long, but using borrowed money. In a margin account you can borrow against the value of investments within your account, but if the value drops below the amount allowed you get a margin call and need to sell off equities or inject cash into your account.

The bump up just seems to happen more often than it should, and with low trading volume and high volitilty this would be easy to manipulate short term. I'm not sure what margin value the brokers would put on this though.

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