Toronto Stock Exchange:
BPF.UN
VANCOUVER, BC, June 13,
2024 /CNW/ - Boston Pizza Royalties Income Fund (the
"Fund") (TSX: BPF.UN) announced today that the requisite
quorum was not present to conduct any business at the Fund's 2024
annual general and special meeting scheduled to be held on
June 13, 2024 (the "Meeting"). In accordance with
the Declaration of Trust governing the Fund, the Meeting has been
adjourned until, and will be held at, 1:00
p.m. (Pacific Time) on Wednesday, July 3, 2024 at the
corporate offices of Boston Pizza International Inc., 201 – 13571
Commerce Parkway, Richmond, British
Columbia, V6V 2R2. Under the Fund's Declaration of Trust,
whichever unitholders attend the Meeting on July 3, 2024, in person or by proxy, will
constitute quorum and the Meeting will proceed at that time.
The record date for unitholders of the Fund entitled to vote at
the adjourned Meeting remains the close of business on April 25, 2024. Unitholders will have until
1:00 p.m. (Pacific Time) on Tuesday,
July 2, 2024 to submit their proxies. Unitholders who have not yet
voted are encouraged to vote. Any unitholders who previously
submitted proxies do not need to take any further action as those
proxies remain valid for use at the Meeting on July 3, 2024.
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 May 2024 distribution
which is payable on June 28, 2024,
the Fund will have paid out 257 monthly distributions and two
special distributions totaling $434.8
million or $26.58 per unit.
The Fund earns revenue based on the franchise system sales of the
372 Boston Pizza restaurants in the Fund's royalty
pool.
Boston Pizza International Inc. ("BPI") is
Canada's number one casual dining
brand. The Boston Pizza brand has served communities from
coast-to-coast for 60 years since opening its first restaurant in
Edmonton, Alberta in 1964. Today
Boston Pizza proudly remains a Canadian company with its hundreds
of local franchise owners operating more dining rooms, sports bars
and patios than any other single brand in the country, along with
take-out and delivery. BPI has been recognized both as a
Franchisees' Choice Designation winner and a Platinum Member of
Canada's 50 Best Managed Companies
for many years.
The trustees of the Fund have approved the contents of this news
release.
SOURCE Boston Pizza Royalties Income Fund