/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
BURLINGTON, ON, Feb. 21, 2013 /CNW/ - SIR Royalty Income Fund (TSX:
SRV.UN) (the "Fund") today announced that it has filed a preliminary short form prospectus
in each of the provinces and territories of Canada, other than Québec,
in connection with a proposed secondary offering (the "Offering") by SIR Corp. ("SIR") of units of the Fund (the "Offered Units").
The Offering will be conducted by a syndicate of underwriters led by BMO
Capital Markets and including CIBC, RBC Capital Markets and Raymond
James Ltd. The size of the Offering and the pricing of the Offered
Units will be determined with the final terms of the Offering.
The preliminary short form prospectus contains important information
relating to the Offering. It is, however, still subject to completion
or amendment. The preliminary short form prospectus is available on the
website www.sedar.com and a copy may be obtained from BMO Capital
Markets by contacting BMO Capital Markets, Mississauga Distribution
Centre C/O The Data Group of Companies, 80 Ambassador Drive,
Mississauga, Ontario, L5T 2Y9 (tel: 905-696-8884 x4222). This press
release does not constitute an offer to sell or the solicitation of an
offer to buy the Offered Units. There will not be any sale or any
acceptance of an offer to buy the Offered Units until a receipt for the
final prospectus has been issued.
This press release does not constitute an offer to sell or a
solicitation of an offer to sell units of the Fund in the United
States. These securities have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the
United States except in compliance with the registration requirements
of the U.S. Securities Act and applicable state securities laws or
pursuant to an exemption therefrom.
About SIR Corp.
SIR is a privately held Canadian corporation that owns and operates a
portfolio of 51 restaurants in Canada, 49 of which are included in the
pool of restaurants against which SIR pays a 6% royalty to the SIR
Royalty Limited Partnership. SIR's Concept brands include: Jack Astor's
Bar and Grill®, with 34 locations; Alice Fazooli's®, with four
locations; and Canyon Creek Chop House®, with eight locations. SIR also
operates one-of-a-kind "Signature" brands in downtown Toronto, which
comprise the upscale Reds® Wine Tavern, Far Niente®/FOUR®/Petit Four®,
and the Loose Moose Tap & Grill®. All trademarks related to the Concept
and Signature brands noted above are used by SIR under a License and
Royalty Agreement with SIR Royalty Limited Partnership in consideration
for the royalty.
About SIR Royalty Income Fund
The Fund is a trust governed by the laws of the province of Ontario that
receives distribution income from its indirect investment in the SIR
Royalty Limited Partnership and interest income from its loan to SIR.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. The statements
that are concerning the Offering are forward-looking statements. The
words "may", "will" and similar expressions and the negative of such
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these identifying
words. These forward-looking statements are subject to important
assumptions, including general market conditions at the time of the
Offering. The Offering may not be completed or may not be completed on
the same terms as previously announced. While the Fund considers these
factors and assumptions to be reasonable based on the information
currently available, they may prove to be incorrect.
SOURCE: SIR Royalty Income Fund
