Toronto Stock Exchange: BPF.UN
VANCOUVER, April 10, 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 March 2018. The distribution will
be paid on April 30, 2018 to
unitholders of record at the close of business on April 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 March 2018 distribution which is payable on
April 30, 2018, the Fund has
delivered 18 distribution increases and 189 consecutive monthly
distributions to unitholders totaling $284.2 million
or $19.61 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 in excess of
$1.0 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