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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > Stabilized SP

<< Previous

Bullboard Posts

Next >>

Comment by BlueJay2020on Sep 10, 2021 10:50am

78 Views

Post# 33839625

RE:RE:RE:Stabilized SP

For sure! :) When I said locked in I meant it would not go down below that 7c level, hence I was speculating about the possibility of a hike and what that would mean for the SP. I must, admit, though, that I didn't see a 2 cent increase coming this soon. I will write another post about this shortly.

wildrunner11 wrote:
BlueJay, could you please do a post like this in 3-4 months saying it is locked into 9 cents. I would appreciate it. I mean this in the nicest way possible:-)

BlueJay2020 wrote: I hope that's not a premature call! I think we're in a bit of limbo in terms of seeing what traffic is going to look like over time. I think 7 cents a month is locked in for the next 9 months and that will support the SP - if it increases over that time, then I think that will be a real catalyst and a sign of confidence. There's only so long that a restaurant stock can pay circa 9% distributions. I don't foresee a big drop from here as it would be political suicide to go into lockdown again.