Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, March 8,
2024 /CNW/ - Boston Pizza Royalties Income Fund (the
"Fund") (TSX: BPF.UN) announced today a cash distribution to
unitholders of $0.113 per unit for
February 2024. The distribution will
be paid on March 29, 2024 to
unitholders of record at the close of business on March 21, 2024. 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 February 2024
distribution which is payable on March 29,
2024, the Fund will have paid out 254 monthly distributions
and two special distributions totaling $427.6 million or $26.24 per unit. The Fund earns revenue based on
the franchise system sales of the 372 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 60 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.
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® 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. 2024
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SOURCE Boston Pizza Royalties Income Fund