BURLINGTON, ON, May 22, 2014 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN) ("the Fund") is pleased to announce that all of the nominees listed in its management information circular dated April 10, 2014 were elected as Trustees of the Fund at its Annual Meeting of Unitholders held on May 21, 2014 (the "Meeting"). The results of the voting for each nominee are as follows:
Kim Van Nieuwkoop
In addition, the Fund reports that the appointment of PricewaterhouseCoopers LLP
as the Fund's auditors for the 2014 fiscal year was passed by a majority of the votes represented at the Meeting.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 Fund