Vancouver-based Boston Pizza Royalties Income Fund (TSX:BPF.UN) has added 34 new restaurants to its royalty pool, which now has a total of 300.
The new restaurants are projected to add approximately $69.1 million in restaurant sales, which will increase the fund's royalty revenue by $2.7 million.
Since the income trust's initial public offering in 2002, the fund has almost doubled the number of restaurants in the royalty pool to 300 from 154.
Boston Pizza's unit price range during the past week: between $13.83 and $13.99; 52-week high $15.98; 52-week low: $12.90.