BURLINGTON, ON, Oct. 1, 2024
/CNW/ - SIR Corp. (SIR), which owns and operates restaurants under
license from a limited partnership subsidiary of SIR Royalty Income
Fund (the Fund), is currently investigating a cybersecurity
incident that has impacted a portion of its IT infrastructure. Upon
discovering the incident, SIR immediately engaged third-party
cybersecurity experts to assist with containment, remediation and
investigation efforts.
SIR, the operating entity from which the Fund's equity income is
ultimately derived, is continuing to operate its restaurants and
guest payment platforms are secure.
The investigation is in its preliminary stages. The Fund will
provide a further update as the investigation progresses.
About SIR Corp.
SIR Corp. ("SIR") is a privately held
Canadian corporation that owns a portfolio of 54 restaurants in
Canada. SIR's Concept brands
include: Jack Astor's Bar and
Grill®, with 36 locations; and Scaddabush Italian Kitchen &
Bar® with 13 locations. SIR also operates one-of-a-kind "Signature"
brands including The Loose Moose® and Reds® Square One. 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 three additional
restaurants, including two Duke's Refresher® + Bar locations and
Edna + VitaTM, which are currently not 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
