Investment Q&A

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: You recently noted Boston Pizza as being "ok for high risk" portion of income portfolio. Looking at their dividend history I see they cut it in 2011 from 11 c to 8 c and never got back to 11 c until 2016. With the payout ratio as extreme as it is, does this not seem very likely there will be another reduction to the dividend soon.

Thank you

Paul

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Read Answer Asked by paul on December 02, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Hi 5i - what is your take on the recent quarter results and the long term (10 year hold plus) prospects for Boston Pizza? Thanks, Neil

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Read Answer Asked by Neil on November 08, 2019

• Restaurant Brands International Inc. (QSR)
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• A&W Revenue Royalties Income Fund (AW.UN)
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• Boston Pizza Royalties Income Fund (BPF.UN)
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• Pizza Pizza Royalty Corp. (PZA)
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• Keg Royalties Income Fund (The) (KEG.UN)
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Q: I'm looking at the dividend return on the food royalty companies, which look very attractive. I don't own anything in this area. Is there an ETF that holds a bundle of these companies? If so, is that a good way to get in? Or rather, buy one or more companies. If so, which ones. Thanks!

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Read Answer Asked by Kim on November 04, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Hello Peter and Staff

Please provide for each of the most recent 8 quarters distributable cash , same store sales versus previous quarter and distributions

Thanks for all you do
Dennis

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Read Answer Asked by Dennis on October 29, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: What do you think of Boston Pizza UNITS ,would you buy it for growth.thanks PHIL

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Read Answer Asked by philip on August 19, 2019

• A&W Revenue Royalties Income Fund (AW.UN)
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• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: I have held both of these stocks for over 5 years. A&W has done well , but not Boston Pizza, I'm about 15% down of the purchase price of BPF. Do enjoy the high dividend of BPF. Both are held in a RRSP account. They are 2.25% and 1.40% of the portfolio. Trying to decide if I should sell Boston Pizza and add to A&W. or move to another stock for growth. I like to buy and hold. Any thoughts would be helpful

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Read Answer Asked by David on July 02, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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• Choice Properties Real Estate Investment Trust (CHP.UN)
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Q: I am looking at your : "Stocks that Pay Monthly Dividends" spreadsheet have a few questions. First, looking at CHP.un just as an example, debt to equity is 205.5%. Seems high to me but do you feel this is OK? What other metric would you consider if it is OK to you?
Second, their payout ratio is -52.9%. I understand that a payout ratio of more than 100% means part of your monthly dividend cheque is a return of equity (to be avoided as, theoretically, your equity position is diminished with each cheque) but what does it mean when the ratio is in a negative position?
Third, some listings, BPF.un for example list no payout ratio. Why is that?

Thank you, by the way, for this list. Fascinating.

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Read Answer Asked by Fred on June 27, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Boston Pizza has a P/E=22.8 and a yield of about 8% and a buy rating. What is your view of this company? Reliable yield? Low debt level? Future growth projections? A good buy for income?
Thanks.

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Read Answer Asked by Richard on April 11, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Hi guys what’s thinking on bpf 10 store expansion stock popped 5%
Kind regards Stan

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Read Answer Asked by Stan on January 15, 2019

• RioCan Real Estate Investment Trust (REI.UN)
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• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Wishing a Happy New Year to Peter, Ryan and staff!

I am looking for "relative" safety with some upside and yield. I noticed these two currently look attractive. Your thoughts/alternate suggestions please.

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Read Answer Asked by Dan on January 03, 2019

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Looking to start an entry to BPF.UN as an income fund at this point.How do see this ?

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Read Answer Asked by terrance on November 27, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: I have a clarification question. I did not find the answer you gave Mike on BFP.UN on September 6th clear. Are you saying it the stock is a buy at this price?

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Read Answer Asked by Carla on September 10, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: The stock price of Boston Pizza has been declining steadily over the past year. Is there anything within their business model you can see that will enable them to stem this tide? Their menu prices are already quite high, and I don't see the company expanding store count to a great degree. For a Conservative investor, is the close to 8% yield worth putting any new money in?

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Read Answer Asked by Mike on September 06, 2018

• A&W Revenue Royalties Income Fund (AW.UN)
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• Boston Pizza Royalties Income Fund (BPF.UN)
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• Pizza Pizza Royalty Corp. (PZA)
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• SIR Royalty Income Fund (SRV.UN)
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• Keg Royalties Income Fund (The) (KEG.UN)
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Q: Boston Pizza has been declining for the last three months and in particular since the release of the quarterly earnings. What would be your opinion of the company going forward.
Please compare Boston Pizza with A&W and the Keg as to which would be a better choice.
Are there other restaurant royalty companies I should be looking at?
Thanks for the excellent service.

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Read Answer Asked by Stephen on August 14, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Hi 5i - whats your take on BPF.UN at the current price? I have a 1.5% position and was thinking of adding. Thanks, Neil

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Read Answer Asked by Neil on July 24, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: I've held Boston Pizza for a number of years. thanks to the dividend, I'm still ahead on it, but I'm beginning to wonder if it's the best consumer discretionary stock for an investor well into retirement, albeit with a reasonable pension. Health issues are beginning to have an impact on our savings. Thoughts?

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Read Answer Asked by M.S. on June 28, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: As with many other subscribers, I will start with expressing my thanks and compliments for your great service.
I have held Boston Pizza for some time. The monthly distribution has offered a good return in the past and it looks even better as a result of the falling price of the stock. Presently it is about 6.9%; do you see any reason why this might be reduced?
After about a year of slipping, do you see any hope for the stock price to improve?
Thanks, Leonard

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Read Answer Asked by Leonard on June 19, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: What do you think of their latest results.

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Read Answer Asked by don on May 16, 2018

• A&W Revenue Royalties Income Fund (AW.UN)
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• Boston Pizza Royalties Income Fund (BPF.UN)
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• Keg Royalties Income Fund (The) (KEG.UN)
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Q: You answered a similar question about 6 weeks ago but with the market sell-off I am wondering if the restaurant royalties are decent buys now. Can you rank A&W, Boston Pizza, and the Keg. Thanks.

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Read Answer Asked by Jim on February 13, 2018

• Boston Pizza Royalties Income Fund (BPF.UN)
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Q: Hi Peter, Ryan, & Co.,
Can I please have your assessment of Boston Pizza's latest results released today? I was expecting slightly better, given the (slow) recovery of the Alberta economy. What is your opinion of the sustainability of the dividend? It has not been raised in a while.
Thanks,
Brian

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Read Answer Asked by Brian on February 09, 2018