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 > Globe article

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Comment by BlueJay2020on Jul 28, 2021 12:14am

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Post# 33615088

RE:Globe article

Yeah, really frustrating when they wrongly state that there are no distributions!

Good to see most of the downturn reversed by the end of the session. I agree that this stock has more room to run. COVID cases are becoming collectors' items in Ontario.

Robsopinion wrote:
https://www.theglobeandmail.com/investing/investment-ideas/number-cruncher/article-as-restaurants-begin-to-reopen-how-are-their-stocks-doing/#comments

negative (and out of date) article today is depressing the SP. tough to really quantify the true value right now in my opinion. A Yeild around 7% seems reasonable, so that alone tells me there is more room to push up the SP long term.

The real pressure right now (I believe) is from some smaller investors that have tripled (or more) their investment in a very short time and we're looking for the capital gain and not the income.

Every day more and more people are venturing further out than they have before and craving the comforts of the past. I think we should see a nice steady build through the summer.