VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 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 March 2012. This is the second monthly distribution to be declared at the rate of 9.8 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 30, 2012. As announced on March 8, 2012, the Fund has increased the monthly distribution rate by rate 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. This translated to an increase of 6.5% and marked the second time that monthly distributions to unitholders were increased in the last year and the 15th 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, 2012 and will be paid on April 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.
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