The Toronto Stock Exchange: BPF.UN
VANCOUVER , Feb. 5, 2020 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (BPF-UN.TO) and Boston Pizza International Inc. ("BPI") today announced that they will issue 2019 fourth quarter and annual results via news release and on the Fund's website at www.bpincomefund.com on the morning of February 13, 2020 .
The Fund will host a conference call with BPI's President, Jordan Holm and Chief Financial Officer, Michael Harbinson to discuss the results for the fourth quarter and year which ended on December 31, 2019 . The call will take place on Thursday, February 13, 2020 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 March 13, 2020 on the Fund's website or by dialing:
1-800-319-6413 or 604-638-9010
and enter the access code: 3975 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 December 2019 distribution which is payable on January 31, 2020, the Fund has delivered 18 distribution increases and 210 consecutive monthly distributions totaling $336 .9 million or $22.02 per Unit. The Fund earns revenue based on the franchise system sales of the 395 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 over 390 mainly franchisee operated restaurants. The Boston Pizza brand has successfully existed for over 55 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
View original content: http://www.newswire.ca/en/releases/archive/February2020/05/c0799.html