BPF.UN:CC - BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES NOVEMBER 2023 DISTRIBUTION
Canada NewsWire
VANCOUVER, BC , Dec. 8, 2023 /CNW/ - Boston Pizza Royalties Income Fund (the " Fund ") (TSX: BPF.UN) announced today a cash distribution to unitholders of $0 .107 per unit for November 2023. The distribution will be paid on December 29, 2023 to unitholders of record at the close of business on December 21 , 2023. The Fund periodically reviews distribution levels based on its policy of stable and sustainable distribution flow to unitholders.
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The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002. Including the November 2023 distribution which is payable on December 29, 2023 , the Fund will have paid out 251 monthly distributions and two special distributions totaling $420.5 million or $25.91 per unit. The Fund earns revenue based on the franchise system sales of the 377 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 59 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. 2023 |
SOURCE Boston Pizza Royalties Income Fund
View original content: http://www.newswire.ca/en/releases/archive/December2023/08/c0241.html
Company Name: | Boston Pizza Royalties Income Fund |
Stock Symbol: | BPF.UN:CC |
Market: | TSXC |
Website: | bpincomefund.com |
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