For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES 6.5% INCREASE
TO MONTHLY CASH DISTRIBUTIONS TO UNITHOLDERS
February 2012
distribution increased to 9.8 cents from 9.2 cents
VANCOUVER, BC, March 8, 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 February 2012. This is an
increase of 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.
“We
are very pleased that Boston Pizza’s strong same store sales growth momentum
from 2011 has continued into 2012, enabling the trustees of the fund to
increase monthly distributions to unitholders,” said Mark Pacinda, President
and CEO of Boston Pizza International. “This increase of 6.5% marks the second
time that monthly distributions to unitholders have been increased in the last
year and the 15th time that the monthly rate has been increased since the
inception of the Fund in 2002.”
The
distribution will be payable to unitholders of record at the close of business
on March 21, 2012 and will be paid on March 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
® 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. 2012