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 > pause on Divdend?

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Comment by Robsopinionon Jan 04, 2022 11:06am

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Post# 34281639

RE:RE:pause on Divdend?

No way! They will pay as normal and expect to make it up throughout the year. Dividends (and these are not dividends but distributions but regardless in this case) are not like light switches. You cannot just turn them on and off. It simply does not work that way.

January's and 3/4 of February's (because of Valentine's Day and Family day) sales are held up mostly by gift card redemption. We will still get those sales, they will just be stacked on top of regular sales once we reopen. And SIR gift cards (hosted by GIVEX I might mention) are not redeemable through Uber eats, door dash, etc.

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