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