Toronto Stock Exchange: BPF.UN
VANCOUVER, Nov. 9, 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 October 2017. The distribution will
be paid on November 30, 2017 to
unitholders of record at the close of business on November 21, 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 October 2017
distribution which will be payable on November 30, 2017, the Fund will have delivered
18 distribution increases and 184 consecutive monthly distributions
to unitholders totalling $271.6 million or
$19.03 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