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Boston Pizza Royalties Income Fund Annouces August 2017 Distribution

September 07, 2017

For Immediate Release                                                                                Toronto Stock Exchange: BPF.UN

 

 BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES AUGUST 2017 DISTRIBUTION

 

VANCOUVER, BC, September 7, 2017 - Boston Pizza Royalties Income Fund (the “Fund”) (TSX: BPF.UN) announced today a cash distribution to unitholders of 11.5 cents per unit for August 2017.  The distribution will be payable to unitholders of record at the close of business on September 21, 2017 and will be paid on September 29, 2017.  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 July 2017 distribution which is payable on August 31, 2017, the Fund has delivered 18 distribution increases and 181 consecutive monthly distributions to unitholders totalling $264.2 million or $18.69 per unit since 2002.  The Fund earns revenue based on the franchise system sales of the 383 Boston Pizza restaurants included in the Fund’s royalty pool.

BPI is Canada’s number one casual dining brand with annual gross sales in excess of $1.0 billion serving more than 45 million guests through over 380 mainly franchisee operated restaurants. The Boston Pizza brand has successfully existed for over 50 years since opening its first restaurant in Edmonton, Alberta in 1964.  BPI has been recognized as a Platinum Member of Canada’s 50 Best Managed Companies and has been a Franchisees’ Choice Designation winner for six consecutive years.

 

The trustees of the Fund have approved the contents of this news release.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Wes Bews

Chief Financial Officer                                                                                             

Tel: 604-270-1108

E-mail: investorrelations@bostonpizza.com       

www.bpincomefund.com

 

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