Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, July 7, 2023
/CNW/ - Boston Pizza Royalties Income Fund (the "Fund")
(TSX: BPF.UN) announced today a cash distribution to unitholders of
$0.107 per unit for June 2023. The distribution will be paid on
July 31, 2023 to unitholders of
record at the close of business on July 21,
2023. The Fund periodically reviews distribution levels
based on its policy of stable and sustainable distribution flow to
unitholders.
ABOUT US
The Fund is a limited purpose open ended trust with an
excellent track record for investors since its IPO in 2002.
Including the June 2023 distribution
which is payable on July 31, 2023,
the Fund will have paid out 246 monthly distributions and two
special distributions totaling $409.1
million or $25.38 per unit.
The Fund earns revenue based on the franchise system sales of the
377 Boston Pizza restaurants in the Fund's royalty pool.
Boston Pizza International Inc. ("BPI") is
Canada's number one casual dining
brand. The Boston Pizza brand has served communities from
coast-to-coast for 59 years since opening its first restaurant in
Edmonton, Alberta in 1964. Today
Boston Pizza proudly remains a Canadian company with its hundreds
of local franchise owners operating more dining rooms, sports bars
and patios than any other single brand in the country, along with
take-out and delivery. BPI has been recognized both as a
Franchisees' Choice Designation winner and a Platinum Member of
Canada's 50 Best Managed
Companies for many years.
The trustees of the Fund have approved the contents of this news
release.
www.bpincomefund.com
® Boston
Pizza Royalties Limited Partnership. All Boston Pizza registered
Canadian trademarks and unregistered Canadian trademarks containing
the words "Boston", "BP", and/or "Pizza" are trademarks owned by
the Boston Pizza Royalties Limited Partnership and licensed by the
Boston Pizza Royalties Limited Partnership to Boston Pizza
International Inc.
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© Boston Pizza International Inc.
2023
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SOURCE Boston Pizza Royalties Income Fund