Toronto Stock Exchange: BPF.UN
VANCOUVER, Oct. 9, 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 September 2018. The distribution
will be paid on October 31, 2018 to
unitholders of record at the close of business on October 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 September 2018
distribution which is payable on October 31,
2018, the Fund has delivered 18 distribution increases and
195 consecutive monthly distributions to unitholders totaling
$299.3 million or $20.30 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