Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, March 9, 2022 /CNW/ - Boston Pizza Royalties
Income Fund (the "Fund") (TSX: BPF.UN) announced today a
cash distribution to unitholders of $0.085 per unit for February 2022. The
distribution will be paid on March 31,
2022 to unitholders of record at the close of business on
March 21, 2022. 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 February 2022
distribution which is payable on March 31,
2022, the Fund will have paid out 230 monthly distributions
and one special distribution totaling $373.4
million or $23.72 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 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. 2022
SOURCE Boston Pizza Royalties Income Fund