Mr. Michael Harbinson reports
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES MARCH 2021 DISTRIBUTION
Boston Pizza Royalties Income Fund has declared a cash distribution to unitholders of 6.5 cents per unit for March, 2021. The distribution will be paid on April 30, 2021, to unitholders of record at the close of business on April 21, 2021. The fund periodically reviews distribution levels based on its policy of stable and sustainable distribution flow to unitholders.
The fund has released its 2020 annual report, which is available on SEDAR and the fund's website.
The fund is a limited-purpose open-ended trust with an excellent record for investors since its initial public offering in 2002. Including the March, 2021, distribution, which is payable on April 30, 2021, the fund will have paid out 219 monthly distributions and one special distribution totalling $355.4-million or $22.88 per unit. The fund earns revenue based on the franchise system sales of the 387 Boston Pizza restaurants in the fund's royalty pool.
BPI is Canada's No. 1 casual dining brand. The Boston Pizza brand has successfully existed for over 55 years since opening its first restaurant in Edmonton, Alta., 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 eight consecutive years.
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