Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, Oct. 7, 2022
/CNW/ - Boston Pizza Royalties Income Fund (the "Fund")
(TSX: BPF.UN) announced today a cash distribution to unitholders of
$0.100 per unit for September 2022. The distribution will be paid on
October 31, 2022 to unitholders of
record at the close of business on October
21, 2022. The Fund periodically reviews distribution levels
based on its policy of stable and sustainable distribution flow to
The Fund is a limited purpose open ended trust with an
excellent track record for investors since its IPO in 2002.
Including the September 2022 distribution which is payable on
October 31, 2022, the Fund will have
paid out 237 monthly distributions and one special
distribution totaling $387.2 million
or $24.36 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
® 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.
© Boston Pizza International Inc. 2022
SOURCE Boston Pizza Royalties Income Fund