The Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, Sept. 9,
2024 /CNW/ - Boston Pizza Royalties Income Fund (the
"Fund") (TSX: BPF.UN) announced today a cash distribution to
unitholders of $0.113 per unit
for August 2024. The distribution will be paid on
September 27, 2024 to unitholders of
record at the close of business on September
21, 2024. 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 August 2024
distribution which is payable on September
27, 2024, the Fund will have paid out 260 monthly
distributions and two special distributions totaling $442.0 million or $26.92 per unit. The Fund earns revenue
based on the franchise system sales of the 372 Boston Pizza
restaurants in the Fund's royalty pool.
Boston Pizza International Inc. ("BPI") is the premier
casual dining brand in Canada. The first Boston Pizza
restaurant opened in Edmonton,
Alberta in 1964 and 60 years later BP proudly remains a 100%
Canadian company serving communities from coast-to-coast-to-coast.
It boasts a vast network of local franchise owners who collectively
operate the largest number of dining rooms, sports bars, and patios
across the nation, complemented by robust takeout and delivery
services. BPI has been recognized as a Franchisees' Choice
Designation winner and a Platinum Member of Canada's 50 Best Managed Companies for many
years, and has received awards from Great Places To Work in the
categories of Best Workplaces for Mental Wellness, Best Workplaces
for Women, and Best Workplaces with Most Trusted Executive
Teams.
The trustees of the Fund have approved the contents of this news
release.
SOURCE Boston Pizza Royalties Income Fund