|By Marketwired .||
|February 13, 2014 06:36 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/13/14 -- Boston Pizza International Inc. ("BPI") announced today that it has declared and paid dividends in the amount of $5,000,000 to the shareholders of record on February 12, 2014. 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"). This dividend declared by BPI is separate and distinct from distributions declared by Boston Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN) to unitholders of the Fund, and accordingly, is payable to the shareholders of BPI and not unitholders of the Fund.
BPI currently holds a 15.0% interest in the Boston Pizza Royalties Income Fund indirectly through its interest in BPRLP.