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.

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Sir Royalty Income Fund > Looking good.

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Comment by Robsopinionon Sep 27, 2021 5:27pm

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RE:RE:RE:Looking good.

Unfortunately that was not what was happening behind the scenes in those restaurants. They had their salaried managers working all positions and rediculous hours. They also lost a number of good managers because of this. Even with the wages mostly covered by the government benefits the senior management took the "save every penny and look out for the now" not the long term approach. Let's not give a man credit for which he is not due. The plan was also to have sales for which there was no plan to pay royalties on. Rob from peter to pay Paul.

We are Peter.

Thank goodness again for Lembit Janes stepping in.

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