VANCOUVER, BC, Dec. 13, 2012 /CNW/ - Boston Pizza International Inc. ("BPI") announced today that it has declared and paid dividends in the aggregate amount of $22.8 million to its shareholders of record. These dividends were paid out of BPI's available working capital. BPI is a privately held company and licensee of the Boston Pizza trade marks from the Boston Pizza Royalties Limited Partnership ("BPRLP").
These dividends declared and paid by BPI are separate and distinct from any distributions declared by Boston Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN) to unitholders of the Fund. BPI currently holds an 11.2% interest in the Fund on a fully diluted basis indirectly through its interest in BPRLP.
© Boston Pizza International Inc. 2008
SOURCE Boston Pizza International Inc.