Sir Royalty Income Fund SIRZF

Royalty payments to recommence July 7

[flamingogold]

As per the gold proxy circular I received today...

"Current royalty payments to the Fund are to recommene effective July 7, 2021."

"The Corporation will be entitled to begin repaying deferred royalty payments under the condition that at least 25 restaurants have, for six consecutive weeks, been allowed the use of at least 50 indoor dining seats and the use of their patios (with social distancing). The repayments are expected to be made in equal monthly installments such that the deferred amounts are targeted, absent any defaults occurring, to be fully repaid by the credit maturity date of July 6, 2022".

I am very optimistic that with the continued successful vaccine rollout that by the Fall we will achieve the minimum indoor seating requirement to begin receiving the deferred royalty payments.

[Robsopinion]

No proxy packages here yet. I was very optimistic when I received a large package with expedited delivery from the broker. Unfortunately it was for NBLY-t  but have already sold because they could only fill 25% of my request and I can't be bothered by small positions anymore. 

[BlueJay2020]

I a convinced that tomorrow's Ontario reopening will be a significant catalyst for the stock as restaurants come into peoples mind and experience.  There are not a lot of ways to play the restaurant recovery in Canada, and when a potential new investor comes along, they will see SRV is still trading $6 below its long-term SP.  I am expecting $9.50 tomorrow.  Which means of

[BlueJay2020]

I obviously meant a buck a year, not a buck a month. But $1 is conservative once the catch-ip starts, I believe..