SIR ROYALTY INCOME FUND
SIR Royalty Income Fund (the “Fund”) is a publicly traded trust governed by the laws of the province of Ontario. The Fund is listed on the Toronto Stock Exchange under the symbol SRV.UN. The trademarks related to the SIR Corp. (“SIR”) concept restaurant brands, including: Jack Astor’s Bar and Grill®, Scaddabush Italian Kitchen & Bar®; and SIR’s signature restaurant brands, including: Reds® Wine Tavern, Reds® Midtown Tavern, Reds® Square One, and The Loose Moose®; are used by SIR under a license agreement with SIR Royalty Limited Partnership (the “Partnership”) in consideration for a Royalty, payable by SIR to the Partnership. The Royalty is equal to six percent of the revenue of the restaurants included in the royalty pool. The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan..
Unitholder Information
Stock Exchange and Symbol: SIR Royalty Income Fund is listed on the Toronto Stock Exchange under the symbol SRV.UN. To get a current unit price quote, click here.
Units: SIR Royalty Income Fund currently has 8,375,567 units issued and outstanding
Distributions: To find out more about the Fund’s cash distributions, including distribution history, click here.
Investor Contact: To reach our investor relations representatives, please click here
Registrar and Transfer Agent: Computershare Investor Services Inc.
Auditors: PricewaterhouseCoopers LLP
Legal Counsel: Stikeman Elliot LLP
FAQs
When is SIR Royalty Income Fund’s fiscal year-end and when are the Fund’s year-end financial results disclosed?
SIR Royalty Income Fund’s fiscal year-end is December 31. The Fund reports its year-end financial results within 90 days of fiscal year-end.
When are SIR Royalty Income Fund’s quarterly reporting periods, and when are these financial results disclosed?
SIR Royalty Income Fund’s fiscal quarterly reporting periods are as follows:
first quarter – three months ended March 31;
second quarter – three months ended June 30; and,
third quarter – three months ended September 30.
The Fund reports its quarterly financial results within 45 days of the corresponding period end.
When is SIR Corp.’s fiscal year-end and when are the operating company’s year-end financial results disclosed?
SIR Corp.’s fiscal year is comprised of 13 periods of four weeks each, ending on the last Sunday in August. The Company reports its year-end financial results within 90 days of its fiscal year-end. In 2024, SIR Corp.’s fiscal year end is on August 25, 2024.
When are SIR Corp.’s quarterly reporting periods and when are these financial results disclosed?
SIR Corp.’s quarterly reporting periods are designated in weeks as opposed to months. SIR Corp.’s first three quarters consist of three consecutive 12-week periods and its fourth quarter consists of the remaining 16 weeks. The Company’s quarterly reporting periods for fiscal 2023-24 are as follows:
first quarter – 12 week period ended November 19;
second quarter – 12 week period ended February 11;
third quarter – 12 week period ended May 5
SIR Corp. reports its quarterly financial results within 45 days of the corresponding period end.
Where can financial reports for SIR Royalty Income Fund and SIR Corp. be found?
The Fund’s financial reports can be found at www.sedar.com under SIR Royalty Income Fund’s Public Documents or on SIR’s website at SIR Royalty Income Fund – Financial Reports.
SIR Corp.’s financial reports can also be found at www.sedar.com under SIR Royalty Income Fund’s Public Documents, under “Other” Document Type.
Where can I find financial information about SIR Corp.?
SIR Corp. is a private company and is not considered a reporting issuer for regulatory purposes. To provide additional transparency for SIR Royalty Income Fund Unitholders, the company has undertaken to provide quarterly financial statements on www.sedar.com. This information can be accessed on www.sedar.com through SIR Royalty Income Fund under the “Other” category.
What is the tax treatment of the distributions?
100.00% of the Fund’s distributions in the tax year 2023 were taxable to Unitholders as Eligible Dividends
97.17% of the Fund’s distributions in tax year 2022 were taxable to Unitholders as Eligible Dividends with the remaining 2.83% of distributions being a return of capital
89.89% of the Fund’s distributions in tax year 2021 were taxable to Unitholders as Eligible Dividends with the remaining 10.11% of distributions being a return of capital
100.00% of the Fund’s distributions in tax year 2020 were taxable to Unitholders as Eligible Dividends
97.39% of the Fund’s distributions in tax year 2019 were taxable to Unitholders as Eligible Dividends with the remaining 2.61% of distributions being a return of capital
100.00% of the Fund’s distributions in tax year 2018 were taxable to Unitholders as Eligible Dividends
100.00% of the Fund’s distributions in tax year 2017 were taxable to Unitholders as Eligible Dividends
100.00% of the Fund’s distributions in tax year 2016 were taxable to Unitholders as Eligible Dividends
98.19% of the Fund’s distributions in tax year 2015 were taxable to Unitholders as Eligible Dividends with the remaining 1.81% of distributions being a return of capital
98.60% of the Fund’s distributions in tax year 2014 were taxable to Unitholders as Eligible Dividends with the remaining 1.40% of distributions being a return of capital
99.29% of the Fund’s distributions in tax year 2013 were taxable to Unitholders as Eligible Dividends with the remaining 0.71% of distributions being a return of capital
100% of the Fund’s distributions in tax year 2012 were taxable to Unitholders as Eligible Dividends.
98.88% of the Fund’s distributions in tax year 2011 were taxable to Unitholders as Eligible Dividends with the remaining 1.12% of distributions being a return of capital
98.85% of the Fund’s distributions in tax year 2010 were taxable to unitholders as other taxable income with the remaining 1.15% of distributions being a return of capital
89.91% of the Fund’s distributions in tax year 2009 were taxable to unitholders as other taxable income with the remaining 10.09% of distributions being a return of capital
90.51% of the Fund’s distributions in tax year 2008 were taxable to unitholders as other taxable income with the remaining 9.49% of distributions being a return of capital
90.84% of the Fund’s distributions in tax year 2007 were taxable to unitholders as other taxable income with the remaining 9.16% of distributions being a return of capital
89.43% of the Fund’s distributions in tax year 2006 were taxable to unitholders as other taxable income with the remaining 10.57% of distributions being a return of capital
84.76% of the Fund’s distributions in tax year 2005 were taxable to unitholders as other taxable income with the remaining 15.24% of distributions being a return of capital.
How will the taxable portion of the distributions be communicated to unitholders?
All unitholders will receive a T3 Form that provides this information.
How many units of the SIR Royalty Income Fund are currently outstanding?
There are currently 8,375,567units outstanding.
How can I purchase units of the SIR Royalty Income Fund?
To purchase units of SIR Royalty Income Fund contact your brokerage firm.
When was the initial public offering (IPO) of SIR Royalty Income Fund?
SIR Royalty Income Fund began trading on the Toronto Stock Exchange on October 12, 2004.
Does the Fund have a Dividend Reinvestment Program available to unitholders?
Not at this time. However, most brokerage firms offer a feature similar to a “DRIP” which allows investors to rollover monthly cash distributions for additional Fund units.
How can I contact SIR Royalty Income Fund?
You can email us at ir@sircorp.com
Who is the transfer agent for the Fund?
Computershare Limited
100 University Avenue
9th Floor
Toronto, ON
M5J 2Y1
Tel: (416) 263-9534