SIR Royalty Income Fund Unit T.SRV.UN

Alternate Symbol(s): SIRZF

Consumer Cyclical Restaurants

SIR Royalty Income Fund (The fund) holds an investment in SIR (Service Inspired Restaurant) Corp. The company is a privately held corporation that owns and operates a diverse portfolio of restaurants in Canada. It has concept restaurant brands, including Jack Astor's Bar and Grill, Scaddabush Italian Kitchen & Bar; and SIR's signature restaurant brands, including Reds Wine Tavern, Reds Midtown Tavern, Reds Square One, and The Loose Moose. The fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. It generates revenue through the license and royalty agreement from its investments in partnership.

TSX:SRV.UN - Post by User

SIR Royalty Income Fund Unit

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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.

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