VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/08/13 -- 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.
® 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
Boston Pizza Royalties Income Fund
Vice President of Investor Relations
Most Popular Stories
- Shia LaBeouf Plea Deal, Alcoholism Treatment
- Ohio State Band Chief Fired After Probe
- Stop-Start Engines Save Gas, Reduce Emissions
- Hispanic Leader Goes the Extra Mile
- Ukraine Says Russians Firing Across the Border
- Jennifer Lopez, Pitbull to Perform at Fashion Rocks
- Ricky Martin Joins 'The Voice ... Mexico'
- Ford Q2 Net Profit up 6 Percent
- U.S. Weighs Refugee Status for Immigrant Kids
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges