VANCOUVER, BC, July 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 June
2024. The distribution will be paid on July 31, 2024 to unitholders of record at the
close of business on July 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 June 2024 distribution
which is payable on July 31, 2024,
the Fund will have paid out 258 monthly distributions and two
special distributions totaling $437.2
million or $26.70 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.
SOURCE Boston Pizza Royalties Income Fund