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.

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Sir Royalty Income Fund > pause on Divdend?

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Comment by wildrunner11on Jan 04, 2022 4:54pm

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Post# 34283172

RE:RE:RE:RE:RE:RE:RE:pause on Divdend?

no bet for me, but I'll eat some humble pie if wrong. Maybe they can use some of distribution withheld from the prior year to cover, I hope I'm wrong but my logic says they will stop payment and conserve the cash.

BlueJay2020 wrote: No takers here! My thinking is that the only way the distribution will be cut is if the banks say so - and I doubt they will do that until the current facility requires a rollover. Hopefully by then the situation will have reverted back to full opening. That said, the timing of the special distribution was a little unfortunate - not baming management, though!

Robsopinion wrote:
I will bet $5.00 against anyone that wants some action on this. Respond here if you want in. Bets close and are paid March 1st or as soon as they make an announcement of a distribution cut.

Payments to be made by Etransfer.

any takers?