TMX group

BURLINGTON, ON, April 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 March 1, 2006 to March 31, 2006. The distribution will be payable
on April 28, 2006 to unitholders of record at the close of business on April
21, 2006.

About SIR Corp.
SIR is a privately held Canadian corporation that owns and operates a
portfolio of more than 37 restaurants in Canada. SIR's concept brands include:
Jack Astor's Bar and Grill, with 23 locations; Alice Fazooli's! , with five
locations; and Canyon Creek Chop House , with five locations. SIR also
operates one-of-a-kind "signature" brands in downtown Toronto, which comprise
the upscale reds , Far Niente & Soul of the Vine , Brasserie Frisco(TM), the
casual Armadillo Texas Grill and the Loose Moose 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 36 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
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.

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", "estimate" 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, 2006 Annual Information Form. In
formulating the forward-looking statements contained herein, management has
assumed that business and economic conditions affecting SIR's restaurants and
the Fund will continue substantially in the ordinary course, including without
limitation with respect to industry conditions, general levels of economic
activity (including in downtown Toronto), regulations (including those
regarding employees, food safety, tobacco and alcohol), weather, taxes,
foreign exchange rates and interest rates, that there will be no pandemics or
other material outbreaks of disease or safety issues affecting humans or
animals or food products, and that there will be no unplanned material changes
in its facilities, equipment, customer and employee relations, or credit
arrangements.
%SEDAR: 00020914E