Hospitality News

Share |

SIR Royalty Income Fund Announces October 2018 Distribution

        PRNJ Push Email - Headlines             

         
 
 

View in Browser

 

News From SIR Royalty Income Fund

Transmitted by PR Newswire for Journalists on October 10, 2018 07:09 PM CEST
         
 

SIR Royalty Income Fund Announces October 2018 Distribution

 
 

BURLINGTON, ON, Oct. 10, 2018 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN) (“the Fund”) today declared a cash distribution of $0.105 per unit for the period September 1, 2018 to September 30, 2018. The distribution will be payable on October 31, 2018 to unitholders of record at the close of business on October 19, 2018.


About SIR Corp.
SIR is a privately held Canadian corporation that owns a portfolio of 61 restaurants and one seasonal retail outlet in Canada. SIR’s Concept brands include: Jack Astor’s Bar and Grill®, with 40 locations; Scaddabush Italian Kitchen & Bar® with eight locations; and Canyon Creek®, with seven locations. SIR also operates one-of-a-kind “Signature” brands including Reds® Wine Tavern, Reds® Midtown Tavern, Reds® Square One and The Loose Moose®. 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 a Royalty, payable by SIR to the Partnership, equal to six percent of the revenue of the 57 restaurants currently included in the Royalty Pool. SIR also owns Duke’s Refresher® & Bar in downtown Toronto, one seasonal Signature restaurant, Abbey’s Bakehouse®, and one seasonal Abbey’s Bakehouse retail outlet, which are currently not in consideration to be part of the Royalty Pool. For more information on SIR Corp. or the SIR Royalty Income Fund, please visit www.sircorp.com


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 investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis.


SOURCE SIR Royalty Income Fund


  CONTACT: Peter Fowler, CEO, SIR Corp., Tel: 905-681-2997; Bruce Wigle, Bay Street Communications, Tel: 647-496-7856

Web Site: http://www.sircorp.com

 
View in Browser
                                       
           
           
         
                   
           
                         
         
       
 
     
     
 
                                                           

 


Number of visits: 34
Posted on Oct 10, 2018 - 07:13 PM • Print