SIR Royalty Income Fund

SIR Royalty Income Fund (the Fund) is a Canada-based trust, which receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund holds an investment in SIR Corp. SIR owns a portfolio of approximately 54 restaurants in Canada. SIR's Concept brands include Jack Astor's Bar and Grill, with 37 locations, and Scaddabush Italian Kitchen & Bar, with 11 locations. SIR also operates Signature brands, including Reds Wine Tavern, Reds Square One, Reds Kitchen + Wine Bar Fallsview and The Loose Moose. SIR also owns two additional Signature restaurants, including Duke's Refresher & Bar in downtown Toronto, and Abbey's Bakehouse, a seasonal restaurant in Muskoka, Ontario.