For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES 4.1% INCREASE
TO MONTHLY CASH DISTRIBUTIONS TO UNITHOLDERS
February 2013
distribution increased to 10.2 cents from 9.8 cents
VANCOUVER, BC, March 8, 2013 - Boston Pizza Royalties Income
Fund (the “Fund”) (TSX: BPF.UN) announced today a cash
distribution to unitholders of 10.2 cents per unit for February 2013. This is
an increase of 0.4 cents per unit from the previous
monthly rate of 9.8 cents per unit or $1.176 per unit on an annualized basis to
10.2 cents per unit or $1.224 per unit on an annualized basis. Including the February 2013 distribution, which will be paid in March 2013,
the Fund will have paid out 128 consecutive monthly distributions totalling $160.7
million or $12.98 per unit since the initial public offering in July 2002.
“This
increase of 4.1% marks the second time that monthly distributions to
unitholders have been increased in the last year and the 16th time that the
monthly rate has been increased since the inception of the Fund,” said Mark
Pacinda, President and CEO of Boston Pizza International. “We are very pleased
that Boston Pizza’s history of strong sales performance has resulted in higher
monthly cash distributions to unitholders of Boston Pizza Royalties Income Fund.”
The
distribution will be payable to unitholders of record at the close of business
on March 21, 2013 and will be paid on March 29, 2013. 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. 2013