TMX group

BURLINGTON, ON, Dec. 12 /CNW/ - SIR Royalty Income Fund (TSX: SRV.UN)
("the Fund") today declared a cash distribution of $0.10 per trust unit for
the period November 1, 2005 to November 30, 2005. The distribution will be
payable on December 30, 2005 to unitholders of record at the close of business
on December 21, 2005.
For those unitholders holding units outside a tax deferred plan,
preliminary calculations of the Fund's tax position based on an estimate of
the full year, indicate that 10% to 15% of 2005 distributions would be treated
as a return of capital to unitholders, with the remaining portion, 85% to 90%,
of 2005 distributions treated as other income. Actual 2005 tax information on
Fund distributions will be made available prior to March 31, 2006.

About SIR Corp.
SIR Corp. ("SIR") is a privately held Canadian corporation that owns and
operates a portfolio of more than 36 restaurants in Canada. SIR's concept
brands include: Jack Astor's(R) Bar and Grill, with 23 locations; Alice
Fazooli's!(R), with five locations; and Canyon Creek Chop House(R), with four
locations. SIR also operates one-of-a-kind "signature" brands in downtown
Toronto, which comprise the upscale reds(R), Far Niente(R) & Soul of the
Vine(R), Brasserie Frisco(TM), the casual Armadillo Texas Grill(R) and the
Loose Moose(R) Tap & Grill. All trademarks related to the concept and
signature brands noted above are used by SIR under a license 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 34 restaurants
currently included in 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
SIR Royalty Income Fund (TSX: SRV.UN) 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.

Caution concerning forward-looking statements
---------------------------------------------
Certain statements in this news release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Fund to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. When
used in this document, such statements are such words as "may", "will"
"expect", "believe", "plan", "anticipate", "intend" and other similar
terminology. These statements reflect SIR Management's current expectations
regarding future events and operating performance and speak only as of the
date of this document. These forward-looking statements involve a number of
risks and uncertainties, including those outlined under Risks and
Uncertainties in the Fund's interim filings and those set forth in the Fund's
October, 2004 prospectus and its March 31, 2005 Annual Information Form.
%SEDAR: 00020914E