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

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Post by BlueJay2020on Jul 09, 2021 10:18am

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MTY beats expectations

...and up massively today as a result. It makes me laugh, because the analysts' estimates are really pure guesses given the turmoil the industry has been through. But it shows the impact that positive-looking results can have on the share price of an illiiquid security.

It was reassuring to see SRV's SP hold yesterday during the turbulence, and not much movement today either. Everyone is waiting to see what the level of distribution is.

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