VANCOUVER, BRITISH COLUMBIA--(Marketwire - 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.
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