The Toronto Stock Exchange: BPF.UN
VANCOUVER, May 1, 2019 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) and Boston Pizza International Inc. ("BPI") today announced that they will issue 2019 first quarter results via news release and on the Fund's website at www.bpincomefund.com on the morning of May 9, 2019.
The Fund will host a conference call with BPI's President, Jordan Holm and Boston Pizza GP Inc.'s Vice President Finance, Robert Kirincic to discuss the results for the first quarter which ended on March 31, 2019. The call will take place on Thursday, May 9, 2019 at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time).
To participate in this conference call, please dial the following toll free number approximately ten minutes prior to the commencement of the call:
1-800-319-4610 or 604-638-5340
A replay will be available until June 9, 2019 on the Fund's website or by dialing:
1-800-319-6413 or 604-638-9010
and enter the access code: 3154 followed by # sign.
The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002. Including the April 2019 distribution which is payable on May 31, 2019, the Fund has delivered 18 distribution increases and 202 consecutive monthly distributions totaling $316.8 million or $21.10 per Unit. The Fund earns revenue based on the franchise system sales of the 396 Boston Pizza restaurants in the Fund's royalty pool.
BPI is Canada's number one casual dining brand with annual gross sales of over $1.1 billion serving more than 50 million guests through 395 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 eight consecutive years.
The trustees of the Fund have approved the contents of this news release.
SOURCE Boston Pizza Royalties Income Fund
For further information: Jordan Holm, President, Tel: 604-270-1108, E-mail: email@example.com, www.bpincomefund.com