Toronto Stock Exchange: BPF.UN
VANCOUVER, May 8, 2018 /CNW/ - Boston Pizza Royalties
Income Fund (the "Fund") (TSX: BPF.UN) announced today a cash
distribution to unitholders of 11.5
cents per unit for April 2018. The distribution will
be paid on May 31, 2018 to unitholders of record at the close
of business on May 21, 2018.
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 April 2018 distribution which is payable on
May 31, 2018, the Fund has delivered
18 distribution increases and 190 consecutive monthly distributions
to unitholders totaling $286.7
million or $19.72 per
unit since 2002. The Fund earns revenue based on the
franchise system sales from the 391 Boston Pizza restaurants
included in the Fund's royalty pool.
BPI is Canada's number one
casual dining brand with annual gross sales of $1.1 billion serving more than
50 million guests through 390 mainly franchisee operated
restaurants. The Boston Pizza brand has successfully
existed for over 50 years since opening its first restaurant in
Edmonton, Alberta in 1964.
BPI has been recognized as a Platinum Member of Canada's 50 Best Managed Companies and has
been a Franchisees' Choice Designation winner for seven consecutive
years.
The trustees of the Fund have approved the contents of this news
release.
SOURCE Boston Pizza Royalties Income Fund