VANCOUVER, BC, Dec. 16,
2022 /CNW/ - Boston Pizza Royalties Income Fund (the
"Fund") (TSX: BPF.UN) announced today a cash distribution to
unitholders of $0.102 per unit
for December 2022. The distribution will be paid on
January 31, 2023 to unitholders of
record at the close of business on
December 31, 2022. 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 December 2022 distribution which is payable on
January 31, 2023, the Fund will have
paid out 240 monthly distributions and two special
distributions totaling $395.5 million
or $24.74 per Unit. The Fund
earns revenue based on the franchise system sales of the
383 Boston Pizza restaurants in the Fund's royalty
pool.
Boston Pizza International Inc. ("BPI") is
Canada's number one casual dining
brand. The Boston Pizza brand has served communities from
coast-to-coast for 58 years since opening its first restaurant
in Edmonton, Alberta in
1964. Today Boston Pizza proudly remains a Canadian company
with its hundreds of local franchise owners operating more dining
rooms, sports bars and patios than any other single brand in the
country, along with take-out and delivery. BPI has
been recognized both as a Franchisees' Choice Designation winner
and a Platinum Member of Canada's
50 Best Managed Companies for many years.
The trustees of the Fund have approved the contents of this news
release.
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® Boston Pizza
Royalties Limited Partnership. All Boston Pizza registered Canadian
trademarks and unregistered Canadian trademarks containing the
words "Boston", "BP", and/or "Pizza" are trademarks owned by the
Boston Pizza Royalties Limited Partnership and licensed by the
Boston Pizza Royalties Limited Partnership to Boston Pizza
International Inc.
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© Boston Pizza
International Inc. 2022
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SOURCE Boston Pizza Royalties Income Fund