Boston Pizza Royalties Income Fund Announces June 2011 Distribution
11/07/2011 4:19:46 PM
For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES JUNE 2011 DISTRIBUTION
VANCOUVER, BC, July 11, 2011 - Boston Pizza Royalties Income Fund (the “Fund”) (TSX: BPF.UN) announced today a cash distribution to unitholders of 8.4 cents per unit for June 2011. The distribution will be payable to unitholders of record at the close of business on July 21, 2011 and will be paid on July 29, 2011. The distribution of 8.4 cents per unit is approximately equal to the distribution of 11.5 cents per unit that the Fund declared each month in 2010 less the rate of the specified investment flow-through tax (”SIFT Tax”) that the Fund is liable to pay from and after January 1, 2011. The SIFT Tax also recharacterizes such distributions as eligible dividends received from a taxable Canadian corporation. Eligible dividend treatment for distributions to unitholders will generally be beneficial to Canadian resident investors holding their Units in taxable accounts compared to the previous characterization primarily as other income. The Fund periodically reviews distribution levels based on its policy of stable and sustainable distribution flow to unitholders.
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
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