Boston Pizza Royalties Income Fund gives December payout of $0.115 per unit

In Canada, on December 16, 2024, Boston Pizza Royalties Income Fund announced a cash distribution to unitholders amounting to $0.115 per unit intended for December 2024. This distribution will be made on January 31, 2025, to unitholders registered by the close of business on December 31, 2024. This announcement marks a continuation of the Fund's policy of maintaining stable and sustainable distributions to its unitholders. With this upcoming distribution, the Fund will have completed 264 monthly distributions in addition to three special distributions, accumulating a total of $453.3 million or $27.45 per unit paid out since its inception. The Fund derives its revenue primarily from the franchise system sales of the 372 Boston Pizza restaurants included in its royalty pool, which significantly contributes to its financial stability. Boston Pizza has established itself as the leading casual dining brand in Canada, supported by a strong reputation as a desirable franchise. Boston Pizza International Inc. has been recognized multiple times as a Franchisees' Choice Designation winner and has earned accolades as a Platinum Member of Canada's 50 Best Managed Companies. Additionally, the company has received awards from Great Place to Work in various categories, reflecting its commitment to fostering a positive work environment and giving back to the community. The trustees of the Fund have confirmed their approval of this announcement, showcasing their commitment to transparency and steady growth. The Fund will continue to evaluate its distribution levels periodically to ensure they align with its policies and the overall profitability of the underlying franchise system. As a result, unitholders can expect reliable returns, cementing the Fund's position in the investment landscape.