Canada NewsWire
Toronto Stock Exchange: BPF.UN
VANCOUVER, BC , Sept. 9, 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 August 2022. The distribution will be paid on September 29, 2022 to unitholders of record at the close of business on September 21 , 2022. The Fund periodically reviews distribution levels based on its policy of stable and sustainable distribution flow to unitholders.
ABOUT USThe Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002. Including the August 2022 distribution which is payable on September 29, 2022 , the Fund will have paid out 236 monthly distributions and one special distribution totaling $385.0 million or $24.26 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 release.
® 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
View original content: http://www.newswire.ca/en/releases/archive/September2022/09/c7824.html