SIR ROYALTY INCOME FUND SIR Royalty Income Fund announced that the independent Fund Trustees have provided approval to SIR Corp. ("SIR") to operate Renegade Chicken take-out and delivery service on a trial basis in certain Jack Astor's locations in Ontario. The approval will be operative while dine-in operations are restricted or limited, but in any event until March 31, 2022 at SIR's option.
In exchange, SIR has agreed to pay an amount equal to 6% of the revenue related to these trial Renegade Chicken operations to the SIR Royalty Limited Partnership (the "Partnership"). SIR is currently operating Renegade Chicken take-out and delivery service out of 21 Jack Astor's locations in Ontario. As this is a trial, no trademarks are being transferred.
