Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s): SIRZF

Financial Services Asset Management

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 > $11.00

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Comment by flamingogoldon Sep 17, 2021 7:06pm

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Post# 33882209

RE:RE:RE:RE:RE:$11.00

Correct, anyone who wanted the divy but also wanted out could have sold today. But, the share price held up even in the face of a down market. This is a good indicator that shareholders are willing to hold for the long haul.

Robsopinion wrote:
If you sell today, you still hold the units for 2 days until settlement (payment) therefore, as a holder you receive the distribution and the purchaser does not.

Ex div date does not reflect in shareholder value that day, it reflects two days before.

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