Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, Sept. 9,
2022 /CNW/ - Boston Pizza Royalties Income Fund (the
"Fund") (TSX: BPF.UN) announced today a cash distribution to
unitholders of $0.100 per unit
for August 2022. The distribution will be paid on
September 29, 2022 to unitholders of
record at the close of business on September
21, 2022. 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 2022 distribution which is payable on
September 29, 2022, the Fund will
have paid out 236 monthly distributions and one special
distribution totaling $385.0 million
or $24.26 per Unit. The Fund
earns revenue based on the franchise system sales of the
383 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 58 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. 2022
SOURCE Boston Pizza Royalties Income Fund