BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2023 FIRST QUARTER RESULTS ON MAY 10TH

 The Toronto Stock Exchange: BPF.UN

VANCOUVER, BC, April 25, 2023 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) and Boston Pizza International Inc. ("BPI") announced today that they will issue 2023 first quarter results via news release and on the Fund's website at www.bpincomefund.com on the morning of May 10, 2023.

The Fund will host a conference call with BPI's President, Jordan Holm and Chief Financial Officer, Michael Harbinson to discuss the results for the first quarter which ended on March 31, 2023. The call will take place on Wednesday, May 10, 2023 at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time).

To participate in this conference call, please dial the following toll-free number approximately ten minutes prior to the commencement of the call:

                       1-800-319-4610 or 604-638-5340

A replay will be available until June 10, 2023 on the Fund's website or by dialing:

                       1-800-319-6413 or 604-638-9010
               and enter the access code: 9986 followed by # sign.

ABOUT US

The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002.  Including the March 2023 distribution which is payable on April 28, 2023, the Fund will have paid out 243 monthly distributions and two special distributions totaling $402.2 million or $25.06 per unit.  The Fund earns revenue based on the franchise system sales of the 377 Boston Pizza restaurants in the Fund's royalty pool.

Boston Pizza International Inc. ("BPI") is Canada's number one casual dining brand.  The Boston Pizza brand has served communities from coast-to-coast for 59 years since opening its first restaurant in Edmonton, Alberta in 1964.  Today Boston Pizza proudly remains a Canadian company with its hundreds of local franchise owners operating more dining rooms, sports bars and patios than any other single brand in the country, along with take-out and delivery.  BPI has been recognized both as a Franchisees' Choice Designation winner and a Platinum Member of Canada's 50 Best Managed Companies for many years.

The trustees of the Fund have approved the contents of this news release.

SOURCE Boston Pizza Royalties Income Fund

Michael Harbinson, Chief Financial Officer, Tel: [phone], E-mail: [email protected], www.bpincomefund.com