Boston Pizza Royalties Income Fund

Boston Pizza Royalties Income Fund

November 09, 2005 07:00 ET

Boston Pizza Royalties Income Fund Announces October, 2005 Distribution

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2005) - Boston Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN) announced today a cash distribution of $0.101 per unit for the period from October 1, 2005 to October 31, 2005. The distribution will be paid to unitholders of record at the close of business on November 21, 2005 and will be payable on November 30, 2005.

Same Store Sales Growth for the period January 1, 2005 through September 31, 2005 was 7.0%, compared to the same period last year.

Royalties paid to the Fund will be adjusted annually to include the franchise revenues of the new Boston Pizza restaurants opened prior to December 31 of each year. Since November 1, 2004, 30 new restaurants have opened, bringing the total number of restaurants open in Canada as of November 9, 2005 to 225.

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 its 195 Boston Pizza restaurants in Canada as at November 1, 2004.

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

® 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.

(C) Boston Pizza International Inc. 2005

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