Le Lézard
Classified in: Business
Subject: DIV

Boston Pizza Royalties Income Fund Announces February 2018 Distribution


Toronto Stock Exchange: BPF.UN

VANCOUVER, March 7, 2018 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today a cash distribution to unitholders of 11.5 cents per unit for February 2018.  The distribution will be paid on March 30, 2018 to unitholders of record at the close of business on March 21, 2018.  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 2018 distribution which is payable on March 30, 2018, the Fund has delivered 18 distribution increases and 188 consecutive monthly distributions to unitholders totaling $281.7 million or $19.49 per unit since 2002.  The Fund earns revenue based on the franchise system sales from the 391 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 50 million guests through over 390 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 seven consecutive years.

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

SOURCE Boston Pizza Royalties Income Fund


These press releases may also interest you

at 07:45
QuantaSing Group Limited ("QuantaSing" or the "Company"), a leading online learning service provider in China, today announced that Tim Xie, the Company's Chief Financial Officer and Director, will present live at the AI & Technology Hybrid Investor...

at 07:45
Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") announced today that it has closed on four non-core Canadian dispositions for combined consideration of $83.5 million, and has entered into an agreement to dispose of an...

at 07:45
HEALWELL AI achieved annual revenue from continuing operations of $7.32 million in fiscal 2023. HEALWELL ended 2023 with a strong balance sheet, having secured approximately $29.5 million from convertible debt and equity financings.Since its relaunch...

at 07:35
PHINIA Inc. , a leader in premium fuel systems, electrical systems and aftermarket parts, will report first quarter 2024 results on Thursday, April 25, 2024. PHINIA's earnings press release, earnings presentation and other materials will be available...

at 07:35
Consolidated copper production is expected to average 153,000i tonnes per year over the next three years, representing a 16% increase from 2023 and demonstrating Hudbay's strong and stable operating portfolio with three long-life operations in...

at 07:30
AGF Investments Inc. (AGF Investments)  today announced the proposed termination of AGF Global Opportunities Bond ETF (ticker: AGLB), AGF Systematic Canadian Equity ETF (ticker: QCD) and AGF Systematic Emerging Markets Equity ETF (ticker: QEM) (each...



News published on and distributed by: