VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/09/13 -- Boston Pizza Royalties Income Fund (TSX: BPF.UN) (the "Fund") announced today a cash distribution to unitholders of 10.2 cents per unit for March 2013. This is the second monthly distribution to be declared at the rate of 10.2 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 29, 2013. As announced on March 7, 2013, the Fund has increased the monthly distribution rate by rate 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. This translated to an increase of 4.1% and marked the second time that monthly distributions to unitholders were increased in the last year and the 16th 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, 2013 and will be paid on April 30, 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
- Consumer Prices Edge Up, Surprising Economists
- Steris to Add 100 Jobs in Birmingham
- Clinton Rallies New England Women
- Market Jolt Offers a Reality Check for Investors
- Ebola in New York, Mali Raises Travel Jitters
- Do Voters Want Compromise?
- Beepi Eases Peer-to-peer Auto Sales
- Stocks Close Out Best Week in Nearly 2 Years
- Microsoft Earnings Drive Stocks Higher
- Timeline for New York Ebola Doctor