Canada NewsWire
The Toronto Stock Exchange: BPF.UN
VANCOUVER, BC , June 7, 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 May 2024. The distribution will be paid on June 28, 2024 to unitholders of record at the close of business on June 21 , 2024. 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 May 2024 distribution which is payable on June 28, 2024 , the Fund will have paid out 257 monthly distributions and two special distributions totaling $434.8 million or $26.58 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
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