VANCOUVER, BRITISH COLUMBIA, Mar 09, 2010 (MARKETWIRE via COMTEX) — Boston Pizza Royalties Income Fund (the “Fund”) /quotes/comstock/11t!bpf.un (CA:BPF.UN 11.95, 0.00, 0.00%) announced today a cash distribution of 11.5 cents per unit for the period from February 1, 2010 to February 28, 2010. The distribution will be paid to unitholders of record at the close of business on March 21, 2010 and will be payable on March 31, 2010.
The Fund is a limited purpose, open-ended trust established under the laws of British Columbia to acquire indirectly certain trade marks and trade names used by Boston Pizza International Inc. (“BPI”) in its Boston Pizza restaurants in Canada. The trade marks are licensed to BPI for 99 years for which BPI pays the Fund 4% of franchise revenues of all Boston Pizza restaurants in the royalty pool.
The trustees of the Fund have approved the contents of this news release.
(R) 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.