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.

TSX:SRV.UN - Post by User

Sir Royalty Income Fund > YTD = 390%

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Comment by Robsopinionon Jan 02, 2022 12:25pm

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RE:YTD = 390%

Happy New Year Flamingo!
I want to point out that these are distributions not dividends. They are taxed at a much higher rate than dividends would be, because this is set up as an income trust not a corporation.
Of course if you are holding these in a registered account (RRSP, TFSA, RESP. etc) then there is obviously no concern. If you are holding these in a regular account it is very important to understand the difference in payment type.

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