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 > Sold all of mine today

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Comment by wildrunner11on Jul 16, 2021 12:33pm

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Post# 33559996

RE:Sold all of mine today

Nothing wrong with crystallizing your profit(I assume).

So a nice amount at $0.07 per month but $0.04ish is coming from deferred revenue, So, only $0.03 is from current operations, this is low, I expect once sales and cash flow improve in another month or two, they will increase the dividend payment some more. I like a conservative approach.

I'm a little worried in a year from now when the dividend from deferred revenue is completed and gets removed from the dividends, this will need to be managed to not cause a negative impact to the sp.

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