For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES JUNE 2015 DISTRIBUTION
VANCOUVER,
BC, July 9, 2015 - Boston Pizza Royalties Income Fund (the “Fund”) (TSX:
BPF.UN) announced today a cash distribution to unitholders of 10.83 cents per
unit for June 2015. This is the third monthly distribution to be declared at
the rate of 10.83 cents per month since the trustees of the Fund
announced a distribution rate increase, which was effective for the April 2015
distribution and paid on May 29, 2015. As announced on May 8, 2015, the Fund
has increased the monthly distribution rate by 0.63 cents per unit
from the previous monthly rate of 10.20 cents per unit or $1.22 per unit
on an annualized basis to 10.83 cents per unit or $1.30 per unit on
an annualized basis. This translated to an increase of 6.2% and
marked the 17th 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 July 21, 2015 and will be paid on July 31, 2015. 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 - Senior Vice President of Investor Relations
Tel: 604-303-6083
investorrelations(at)bostonpizza.com
www.bpincomefund.com
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