Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, Sept. 8,
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 August 2023. The distribution will be paid on
September 29, 2023 to unitholders of
record at the close of business on September
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 August 2023
distribution which is payable on September
29, 2023, the Fund will have paid out 248 monthly
distributions and two special distributions totaling $413.7 million or $25.59 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.
® 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.
© Boston Pizza International Inc. 2023
SOURCE Boston Pizza Royalties Income Fund