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 > AGM tomorrow should be a nothin' burger

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Comment by flamingogoldon Jun 29, 2021 8:45am

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Post# 33465127

RE:RE:RE:AGM tomorrow should be a nothin' burger

Rob, agreed. We all know how SIR treated the fund and the new agreed upon board structure is the solution to that so no point in chastising Mr. Fowler further. I believe we will hear soon about the future of Renegade, but maybe not now. It could be the hedge that SRV needs against demand for takeout or any further restrictions that may be imposed with new covid variants by quickly being re-launched but this time as a SIR+SRV team initiative.

Robsopinion wrote:
Really? I would hope that SIR addresses the plan going forward for Renegade chicken, and the digital marketing plan.

I also think that Mr Fowler needs to address his attempt to basically steal the company from its long term shareholders, and his aggressive (to say the least) statements and press releases when things did not go as he had planned.

We are PARTNERS in the company, and deserve to be treated as such. Our money built the restaurants that exist today.

Many of us on here were buying more units, when nobody else would. The share price, as low as it went, could have gone even lower without any buyers at all. The SP created an asset that SIR held on its books when negotiating with the banks.

I feel he treated our money as if it was his, and the board as if they were his buddies that would go along with whatever he decided ( and was best for him)
There are not many companies that I invest 6 figures in, but the other ones I barely even look at, they are solid, long term investments with decent payouts. This one I'm actively watching daily.

No one could have predicted Covid, but a great leader would have navigated through it much differently than we have observed here. If this meeting is a nothing burger I am going to be pissed off!