Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, Dec. 16, 2021 /CNW/ - Boston Pizza Royalties
Income Fund (the "Fund") (TSX: BPF.UN) announced today a
cash distribution to unitholders of $0.085 per unit for December 2021. The
distribution will be paid on January 31,
2022 to unitholders of record at the close of business on
December 31, 2021. 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 December 2021 distribution which is payable on
January 31, 2022, the Fund will have
paid out 228 monthly distributions and one special
distribution totaling $369.7 million or $23.55 per Unit. The Fund earns revenue
based on the franchise system sales of the 387 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 over 56 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 as a Platinum Member of Canada's 50 Best Managed Companies and
has been a Franchisees' Choice Designation winner for eight
consecutive 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. 2021
SOURCE Boston Pizza Royalties Income Fund