Canada NewsWire
TORONTO, March 11, 2016
TORONTO, March 11, 2016 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN) ("the Fund") today declared a cash distribution of $0.095 per unit for the period February 1, 2016 to February 29, 2016. The distribution will be payable on March 31, 2016 to unitholders of record at the close of business on March 22, 2016.
About SIR Corp.
SIR is a privately held Canadian corporation that owns and operates a
portfolio of 59 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®, together with Alice
Fazooli's®, for a total of five locations; and Canyon Creek®, with
eight locations. SIR also operates one-of-a-kind "Signature" brands in
downtown Toronto, including Reds® Wine Tavern, Reds® Midtown Tavern,
Far Niente®/FOUR®/Petit Four®, 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 and operates
Duke's Refresher® & Bar in downtown Toronto, one seasonal Signature
restaurant, Abbey's Bake House®, and one seasonal retail outlet, which
are not currently 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