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

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Post by BlueJay2020on Jul 28, 2021 9:00am

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Post# 33615684

Bodes well..

https://www.bnnbloomberg.ca/america-s-restaurant-recovery-speeds-past-2019-levels-sysco-ceo-says-1.1633757

Of course, the keys are whether this can be replicated in Ontario and whether it is sustainable. But we have a good few quarters of 'blow-out' earnings ahead of us (comparatively and, to a lesser extent, intrinsically) which will help the company pay down some debt.

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