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Bullboard - Stock Discussion Forum
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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TSX:SRV.UN - Post Discussion
Sir Royalty Income Fund
> SRV
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•••
spocky97
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Post by
spocky97
on May 10, 2021 1:52pm
SRV
Disappointed, was happy with this one until today. Was thinking that with opening up on the horizon they might reinstitute the dividend.
(798)
•••
flamingogold
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Comment by
flamingogold
on May 10, 2021 2:04pm
I would not expect a dividend re-instatement until we can get back to indoor dining at full unrestricted capaciy levels. Based on the recovery in the US, which leads Canada by a few months, we can expect to see that maybe by the late Fall. Outdoor dining will prevail through the summer with restricted capcity indoors. For 2021, there is a better chance for capital gain appreciation than
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