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 > holding strong

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Comment by Robsopinionon Sep 11, 2023 1:07pm

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RE:RE:RE:RE:holding strong

The Keg is its own unique beast. The keg royalty stream is whats available to investors (just like here with SRV) but Keg restaurants is owned by Recipe, which in turn is owned by Fairfax. Fairfax has extremely deep pockets, and by taking the royalty stream private they would not only save themselves the 8% they are paying out, but also simplify many accounting processes and reporting obligations. This would be a secondary cost savings for them.
I currently hold more Keg units than SRV units, the fact that it is a restaurant company distributing royalties is secondary to me, I honestly see it as a future takeover target, that pays me 8% while they figure out what the premium needs to be.
Nedstar: feeding the trolls only keeps them coming back for more.

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