On April 12, 2021, Lembit Janes announced that he has lost confidence in the board of trustees (the Board) of SIR Royalty Income Fund and will therefore be nominating 3 new independent trustees for election at the annual general meeting of unitholders of the Fund to be held on June 29, 2021 to replace 3 of the current trustees John McLaughlin, Peter Luit, and William Rogers with Stephen Dewis, Michael Lee Fisher, and Lembit Janes.