For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES MARCH 2012 DISTRIBUTION
VANCOUVER, BC, April 9, 2012 - Boston Pizza Royalties Income
Fund (the “Fund”) (TSX: BPF.UN) announced today a cash
distribution to unitholders of 9.8 cents per unit for March 2012. This is the second monthly distribution to be declared at
the rate of 9.8 cents per month since the trustees of the Fund announced a distribution
rate increase, which was effective for the February distribution and paid on
March 30, 2012. As announced on March 8, 2012, the Fund has increased the monthly distribution rate by rate 0.6 cents per unit from the previous monthly rate of 9.2
cents per unit or $1.104 per unit on an annualized basis to 9.8 cents per unit
or $1.176 per unit on an annualized basis. This translated to an increase of
6.5% and marked the second time that monthly distributions to
unitholders were increased in the last year and the 15th time that
the monthly rate was increased since the inception of the Fund in 2002.
The
distribution will be payable to unitholders of record at the close of business
on April 21, 2012 and will be paid on April 30, 2012. 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
Tel: 604-303-6083
investorrelations(at)bostonpizza.com
www.bpincomefund.com
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© Boston Pizza International Inc. 2012