Sir Royalty Income Fund
Kelly Powell has extensive experience in category management within the food and hospitality sectors, holding prominent positions since 1988. Currently serving as Category Manager at SIR Corp since May 2011, Kelly oversees substantial annual purchases and negotiates contracts for competitive pricing and value-added offerings. Previously, at Compass Group Canada from April 2005 to May 2011, Kelly managed $110 million in purchases, focusing on Facility Management agreements. At Prime Restaurants of Canada Inc., from April 1998 to April 2005, Kelly was accountable for $75 million in purchases across a network of 165 restaurants and successfully negotiated terms with 225 suppliers. Earlier experience includes roles as Merchandising Manager and Category Manager Assistant at A&P. Educational qualifications include a PMAC certificate from Humber College and a CITT certificate in Traffic and Transportation from CITT - Toronto.
Sir Royalty Income Fund
SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor's Bar and Grill and Canyon Creek Chop House, and signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern, Far Niente/FOUR/Petit Four and the Loose Moose Tap & Grill, which are used by SIR under a license agreement with SIR Royalty Limited Partnership (the Partnership). The Fund receives distribution income from its investment in the Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis. The Fund indirectly participates in the revenues generated under the License and Royalty Agreement through its Investment in the Partnership. SIR also owns and operates a Duke's Refresher & Bar located in downtown Toronto and one seasonal restaurant, Abbey's Bakehouse.