BURLINGTON, ON, Dec. 12,
2023 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN)
("the Fund") today declared a cash distribution of $0.095 per unit for the period November 1, 2023 to November 30, 2023 (the "December Distribution").
The Fund also declared a special year-end cash distribution of
$0.0425 per unit (the "Special
Distribution"). The December Distribution and the Special
Distribution will be payable on December 29,
2023 to unitholders of record as at the close of business on
December 21, 2023.
The Trustees of the Fund believe the Special Distribution to be
paid on December 29, 2023 is prudent
and appropriate, as the Fund has excess distributable cash
available.
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.
About SIR Corp.
SIR Corp. ("SIR") is a privately held Canadian corporation that
owns a portfolio of 53 restaurants in Canada. SIR's Concept brands include
Jack Astor's Bar and Grill®, with 37
locations; and Scaddabush Italian Kitchen & Bar® with 10
locations. SIR also operates one-of-a-kind "Signature" brands
including Reds® Wine Tavern, Reds® Square One, Reds® Kitchen + Wine
Bar Fallsview 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.
SIR also owns two additional Signature restaurants, including a
Duke's Refresher® & Bar in downtown Toronto, and Abbey's Bakehouse®, a seasonal
restaurant in Muskoka, Ontario,
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.
SOURCE SIR Royalty Income Fund