Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, April 4,
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
March 2024. The distribution will be
paid on April 30, 2024 to unitholders
of record at the close of business on April
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 March 2024 distribution
which is payable on April 30, 2024,
the Fund will have paid out 255 monthly distributions and two
special distributions totaling $430.0
million or $26.36 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
Canada's number one casual dining
brand. The Boston Pizza brand has served communities from
coast-to-coast for 60 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. 2024
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SOURCE Boston Pizza Royalties Income Fund