Boston Pizza Royalties Income Fund Announces May 2008 Distribution
10/06/2008 3:00:00 PM
For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES MAY 2008 DISTRIBUTION
VANCOUVER, BC, June 10, 2008 - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today a cash distribution of 11.5 cents per unit for the period from May 1, 2008 to May 31, 2008. The distribution will be paid to unitholders of record at the close of business on June 21, 2008 and will be payable on June 30, 2008.
Same Store Sales Growth for the period January 1, 2008 through April 30, 2008 was 1.0%, compared to the same period last year.
The Fund is a limited purpose, open-ended trust established under the laws of British Columbia to acquire indirectly certain trade marks and trade names used by Boston Pizza International Inc. ("BPI") in its Boston Pizza restaurants in Canada. The trade marks are licensed to BPI for 99 years for which BPI pays the Fund 4% of franchise revenues of its 299 Boston Pizza restaurants in Canada as at June 10, 2008.
The trustees of the Fund have approved the contents of this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Boston Pizza Royalties Income Fund
Jordan Holm - Vice President of Investor Relations
® Boston Pizza Royalties Limited Partnership. All Boston Pizza registered Canadian trade-marks and unregistered Canadian trade-marks containing the words "Boston", "BP", and/or "Pizza" are trade-marks owned by the Boston Pizza Royalties Limited Partnership and licensed by the Boston Pizza Royalties Limited Partnership to Boston Pizza International Inc.
© Boston Pizza International Inc. 2008