Business News • MarketWire • Boston Pizza International Inc. Receives Return of Capital from Boston Pizza Canada Limited Partnership |
Boston Pizza International Inc. Receives Return of Capital from Boston Pizza Canada Limited Partnership |
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Boston Pizza International Inc. Receives Return of Capital from Boston Pizza Canada Limited Partnership
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 11, 2015) - Boston Pizza International Inc. ("BPI") announced that Boston Pizza Canada Limited Partnership ("BPCLP") returned $12.7 million of capital to BPI on Class 2 general partnership units of BPCLP held by BPI (the "Return of Capital"). The Return of Capital represents the remaining amount that BPCLP was, under the terms of the limited partnership agreement governing it, required to distribute to BPI from the purchase price received by BPCLP in respect of the acquisition by Boston Pizza Royalty Income Fund (the "Fund") (TSX:BPF.UN) of a limited partnership interest in BPCLP that completed on May 6, 2015. BPI has used the Return of Capital to repay certain indebtedness owing by it to its parent company.
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