Boston Pizza Royalties Income Fund T.BPF.UN

Alternate Symbol(s): BPZZF

Consumer Cyclical Restaurants

Boston Pizza Royalties Income Fund (the Fund) is a Canada-based open-ended trust. The Fund operates through its subsidiaries, Boston Pizza Holdings Trust, Boston Pizza Holdings GP Inc. and Boston Pizza Holdings Limited Partnership, its 80% owned subsidiary Boston Pizza GP Inc. (BPGP), and its interest in Boston Pizza Royalties Limited Partnership. BPGP is the managing general partner of Royalties LP. The Fund indirectly, through Royalties LP, acquire the trademarks and trade names owned by Boston Pizza International Inc. (BPI), including 'Boston Pizza' and other similar related items, logos and designs (collectively, the 'BP Rights') used in connection with the operation of Boston Pizza restaurants in Canada. The Company operates approximately 372 Boston Pizza Restaurants in the Royalty Pool, of which approximately 370 were operating and open for business to the public.

TSX:BPF.UN - Post by User

Boston Pizza Royalties Income Fund

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Comment by Tony101on Dec 04, 2019 2:14am

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Post# 30419863

RE:RE:RE:What do you think will happen next with BPF.UN?

Perhaps it will eventually cut dividends to balance out distributions, but cutting div will drive down SP. The current decline in sales happens in an economy when we aren't exactly in a recession yet. If the economy goes into a full-blown recession, the sales will be worse and so do SP. Along with a potential div cut, it's gonna hurt share price.

Considering debt is cheap, would you say it is likely to borrow to do both a normal-course issuer bid (or substantial one) AND a div cut? to balance out the neg and pos impacts.

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