Sir Royalty Income Fund SIRZF

Primary Symbol: T.SRV.UN

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

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Post by flamingogoldon Jun 27, 2024 3:53pm

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Post# 36109554

Hope no one sold with the dip

Looks like we got oversold this week with the distribution approaching 10%. No doubt, consumers are feeling the pinch and the market is re-pricing the restos for some softness in the quarters ahead. But, this is not a panic ie. covId or GFC moment again. Also, I see no major insider sales. Markets go up. Markets go down. That's what they do. Not selling a single share here.

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