Sir Royalty Income Fund T.SRV.UN

ENCOURAGING

[logicandinertia]

This is not a competing offer, but rather a long-term, deep-pocketed holder of the stock (since 2010) who will obviously be underwater versus his purchase price, yet has enjoyed the steady dividends, sees both value at current price and wants to mitigate the risk of Fowler taking this private at ridiculous levels.   

Not sure how much stock will be tendered at $4.25, but also establishes a new level for investors.

And as time passes and vaccine rollout expands, restaurants will re-open and SIR will be legally obligated to start paying out to unit holders.  If SIR CORP continues to hold back accrued payments to ROYALTY unit holders, we could see some legal challenges IMO...

should be noted that SIR CORP management has not come out of this looking very good IMO...

good luck...

[lostcauses]

logicandinertia, thanks for your insight. should be noted that SIR CORP management has not come out of this looking very good IMO... Putting it midly... agreed. If SIR CORP continues to hold back accrued payments to ROYALTY unit holders, 1) It is my understanding that some SIR restaurants are open and food is being delivered through delivery services (ubereats,foodora). Sales are being

[jcw604]

This creates a huge liability to the SIR corp. They owed us money for sure. However, there are a chain of other liabilities to be met before ours. Eventually, they will have to pay us back. However, not right at the moment. JMHO.