SIR Royalty Income Fund Announces Appointment of New Trustee
BURLINGTON, ON, April 14, 2014 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN) ("the Fund") today announced the appointment of Kim van Nieuwkoop, LLM, General Counsel for SIR Corp. ("SIR") as a Trustee of the Fund, and as a Director of SIR GP Inc., an affiliated entity. Mrs. van Nieuwkoop will stand for election as a new Trustee at the Fund's Annual General Meeting on Wednesday, May 21, 2014. The Fund's Management Information Circular will be mailed to unitholders on or about April 25, 2014.
"We look forward to Kim's contributions as a trustee and director. Her extensive background in international and Canadian law, trademarks and her business experience and acumen will complement and enhance the skills on our board," said John McLaughlin, Chairman of the Fund's Board of Trustees. "The trustees and directors look forward to Kim's contributions to governing the Fund and SIR GP Inc."
Kim van Nieuwkoop, LLM, has been with SIR since 2005 and holds the position of General Counsel for the Company. She is responsible for SIR's legal affairs, compliance and operational audit functions. Prior to joining SIR, Mrs. van Nieuwkoop was Senior Counsel (UK) for Consolidated Financial Insurance, a division of GE Capital. Prior thereto she was in private practice in London, England, specializing in international commerce with global law firm Holman Fenwick and Willan. She holds two bachelor degrees from the University of Western Ontario and a Master of Law Degree from the London School of Economics. Mrs. van Nieuwkoop is a member of the Law Society of Upper Canada, Canadian Bar Association, Association of Corporate Counsel and the Law Society of England & Wales.
About SIR Corp.
SIR is a privately held Canadian corporation that owns and operates a portfolio of 57 restaurants in Canada. SIR's Concept brands include: Jack Astor's Bar and Grill®, with 37 locations; Alice Fazooli's® together with Scaddabush Italian Kitchen & Bar™, for a total of five locations; and Canyon Creek Chop House®, 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®, The Loose Moose® and Duke's Refresher™ & Bar. 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 53 restaurants currently included in the Royalty Pool. SIR also owns and operates two seasonal Signature restaurants: Abbey's Bake House® and Duke's Refresher™, 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 FundFor further information: Peter Fowler, CEO, SIR Corp., Tel: 905-681-2997; Bruce Wigle, BMIR, Investor Relations, Tel: (416) 447-4740, ext 232