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.

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Sir Royalty Income Fund > Dividends start tomorrow?

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Comment by BlueJay2020on Jul 06, 2021 12:51pm

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Post# 33499331

RE:Dividends start tomorrow?

Good question! July 7 always seemed an odd date to me. My understanding is that this is simply the dividing line between the deferred and the current distributions. I don't expect an announcement tomorrow, but perhaps in a couple of weeks when they have a better idea of what the distribution is going to be. I could be completely wrong, though - and of course we have Lembit and co. on board, so that may change the approach and level of communication.

Distirbution levels could be choppy over the next few months - will they flex them to max actual earnings or try and smooth them out? We will have to wait and see, I guess.