BURLINGTON, ON, Oct. 12,
2022 /CNW/ - SIR Royalty Income Fund (TSX:
SRV.UN) ("the Fund") today declared a cash distribution of
$0.095 per unit for the period
September 1, 2022 to September 30, 2022. The distribution amount of
$0.095 per unit represents an
increase of approximately 5.6% compared to the prior monthly
distribution amount of $0.09 per
unit. The distribution will be payable on October 31, 2022 to unitholders of record as at
the close of business on October 21,
2022.
The Trustees of the Fund believe the increase is appropriate,
given the continued improvement in the performance of the Royalty
Pooled Restaurants.
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 one Duke's Refresher® & Bar location in downtown
Toronto, and one seasonal
Signature restaurant, Abbey's Bakehouse®, 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