Toronto Stock Exchange: BPF.UN
VANCOUVER, June 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 May 2018. The distribution will be
paid on June 29, 2018 to unitholders
of record at the close of business on June
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 May 2018 distribution which is payable on
June 29, 2018, the Fund has delivered
18 distribution increases and 191 consecutive monthly distributions
to unitholders totaling $289.2
million or $19.84 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 over 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