BURLINGTON, ON, June 12, 2013 /CNW/ - SIR Royalty Income Fund (TSX:
SRV.UN) ("the Fund") today declared a cash distribution of $0.095 per
trust unit for the period May 1, 2013 to May 31, 2013. The distribution
will be payable on June 28, 2013 to unitholders of record at the close
of business on June 21, 2013.
The Fund announced an 8.0% increase to cash distributions on May 13,
2013, raising its monthly unitholder distributions from $0.088 per unit
to $0.095 per unit, representing an annualized distribution of $1.140
per unit. The increase represents the Fund's fifth distribution
increase since its inception in 2004.
About SIR Corp.
SIR is a privately held Canadian corporation that owns and operates a
portfolio of 54 restaurants in Canada. SIR's Concept brands include:
Jack Astor's Bar and Grill®, with 37 locations; Alice Fazooli's®, with
four locations; and Canyon Creek Chop House®, with eight locations. SIR
also operates one-of-a-kind "Signature" brands in downtown Toronto,
which comprise the upscale Reds® Wine Tavern, Far Niente®/FOUR®/Petit
Four®, and the Loose Moose Tap & Grill®. 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 49 restaurants currently included
in the Royalty pool. SIR also owns and operates two seasonal Signature
restaurants: Abbey's Bakehouse™ and Duke's Refresher™. These two
restaurants 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
For further information:
Peter Fowler, CEO
BMIR, Investor Relations
Tel: (416) 447-4740, ext 232