Toronto Stock Exchange: BPF.UN
VANCOUVER, BC, Dec. 16, 2024 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today a cash distribution to unitholders of $0.115 per unit for December 2024. The distribution will be paid on January 31, 2025 to unitholders of record at the close of business on December 31, 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 December 2024 distribution which is payable on January 31, 2025, the Fund will have paid out 264 monthly distributions and three special distributions totaling $453.3 million or $27.45 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 is the premier casual dining brand in Canada. The first Boston Pizza restaurant opened in Edmonton, Alberta in 1964 and 60 years later Boston Pizza proudly remains a 100% Canadian company serving communities from coast-to-coast-to-coast. It boasts a vast network of local franchise owners who collectively operate the largest number of dining rooms, sports bars, and patios across the nation, complemented by robust takeout and delivery services. Boston Pizza International Inc. has been recognized as a Franchisees' Choice Designation winner and a Platinum Member of Canada's 50 Best Managed Companies for many years, and has received awards from Great Place To Work in the categories of Best Workplaces: in Canada – 100-999 Employees, in British Columbia, in Retail & Hospitality, for Mental Wellness, for Women, for Giving Back, and with Most Trusted Executive Teams.
The trustees of the Fund have approved the contents of this news release.
www.bpincomefund.com
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®Boston Pizza Royalties Limited Partnership. All Boston Pizza registered Canadian trade-marks and unregistered Canadian trade-marks containing the words "Boston", "BP", and/or "Pizza" are trade-marks owned by the Boston Pizza Royalties Limited Partnership and licensed by the Boston Pizza Royalties Limited Partnership to Boston Pizza International Inc. BP 60th Anniversary design is a trademark of Boston Pizza Royalties Limited Partnership, used under license.
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SOURCE Boston Pizza Royalties Income Fund
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