Boston Pizza Royalties Income Fund

Boston Pizza Royalties Income Fund

October 06, 2005 10:57 ET

Straight Talk on Income Trusts; CEO of Boston Pizza Royalties Income Fund available for comment

TORONTO, ONTARIO--(CCNMatthews - Oct. 6, 2005) - Boston Pizza Royalties Income Fund (TSX:BPF.UN):


Who: Mike Cordoba, CEO, Boston Pizza Royalties Income Fund

Why: Given recent news about the government's halt on income trust conversions, it may be worthwhile to speak to Boston Pizza about how certain types of income trusts give back to the Canadian economy, potentially balancing out their tax structure. In the case of the Boston Pizza Royalties Income Trust:

- Revenue is generated from the franchises, fuelling growth.

-- Each time Boston Pizza opens a restaurant, it creates approximately 80 new jobs in that community.

- Target store openings of 30 for 2005 account for the creation of as many as 2,400 jobs this year alone.

- Provides leverage to recruit and retain a solid management team, making it a fit global player in the international competitive landscape.

When/Where: Mike Cordoba is available for television remote, radio and print via phone.

What: Boston Pizza Royalties Income Fund was launched in July 2002 and has increased distributions to shareholders six times since inception. The Fund has helped Boston Pizza expand to a total of over 200 restaurants in Canada and plans to open 30 restaurants in Canada in 2005 alone.

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