The Toronto Stock
Exchange: BPF.UN
VANCOUVER, BC, Oct. 8, 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 September 2024. The distribution will be paid on
October 31, 2024 to unitholders of
record at the close of business on October
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 September 2024
distribution which is payable on October 31,
2024, the Fund will have paid out 261 monthly distributions
and two special distributions totaling $444.4 million or $27.04 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