Boston Pizza Royalties Income Fund Announces September 2017 Distribution
October 10 2017 - 4:57PM
PR Newswire (Canada)
VANCOUVER, Oct. 10, 2017 /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 September 2017. The distribution
will be payable to unitholders of record at the close of business
on October 21, 2017 and will be paid
on October 31, 2017. 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 2017
distribution which was paid on September 29, 2017, the Fund
has delivered 18 distribution increases and 182 consecutive monthly
distributions to unitholders totalling
$266.6 million or $18.80 per unit since 2002. The Fund earns
revenue based on the franchise system sales of the 383 Boston Pizza
restaurants included in the Fund's royalty pool.
BPI is Canada's number one
casual dining brand with annual gross sales in excess of
$1.0 billion serving more than 45
million guests through over 380 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 six
consecutive years.
The trustees of the Fund have approved the contents of this news
release.
SOURCE Boston Pizza Royalties Income Fund
Copyright 2017 Canada NewsWire
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