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 > Opco Debt Levels

<< Previous

Bullboard Posts

Next >>

Comment by Wordless1on Jul 19, 2021 10:13pm

105 Views

Post# 33573679

RE:RE:RE:RE:Opco Debt Levels

The fact theat they survivied is good enough.

But we should add all the unpaid royalties and interest to SRV.UN to that debt amount, plus who knows what kind of deferral agreements they signed with landlords where they deferred payment to a later date... Looks like they got a lot of abatements (free rent) which is awesome, but some of it has to be deferred and has to be repaid over time which is even more hidder debt on the balance sheet... Add it all up and they are sitting at $45M+ of debt.

Looks like they will survivie, but that balance sheet is going to tkae a long time to clean up. JMHO.

<< Previous

Bullboard Posts

Next >>

Investor’s corner: Solving chronic pain in dogs – A significant market opportunity