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 > Restaurant spending decreasing?

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Comment by flamingogoldon Jan 26, 2023 1:45pm

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Post# 35248241

RE:Restaurant spending decreasing?

To be expected as pent-up demand to get out of the house and back to dining out wanes. But, the flipside to this is a travel boom as people venture back on to planes and head to sunny destinations, Europe, Asia and the rest of the world. So many friends and relatives of mine are travelling by air this year, the first time since 2019. One reason why I am bullish on CHR and HOT. I will keep my SRV shares, I bought them cheap and the distributuion is over 20% for me.

pjn0987654321 wrote:
I saw a line from RBC saying that their credit card holders are reducing their spending on restaurants. Whether RBC credit card holders are representative of all credit card holders, I don't know.

I thought I'd pass it on although I'm no longer in SRV.UN and have no intention of reentering.