January 03, 2017
For Immediate Release Toronto Stock Exchange: BPF.UN
BOSTON PIZZA INTERNATIONAL ADDS 13 NEW RESTAURANTS OPENED IN 2016
TO THE ROYALTY POOL OF BOSTON PIZZA ROYALTIES INCOME FUND
VANCOUVER, BC, JANUARY 3, 2017 - Boston Pizza Royalties Income Fund (the 'Fund') (TSX: BPF.UN) and Boston Pizza International Inc. ('BPI') announced today that effective January 1, 2017, the Fund's royalty pool (the 'Royalty Pool') has been adjusted to include the 13 new full service restaurants opened across Canada between January 1, 2016 and December 31, 2016 (the 'Period'), and to remove the two full service restaurants that were permanently closed during the Period. With the adjustment for these openings and closures during 2016, the Royalty Pool now includes 383 Boston Pizza restaurants. This is the fifteenth consecutive year
of adding new Boston Pizza restaurants into the Royalty Pool.
'We are very pleased with the 13 new Boston Pizza restaurants opened in 2016, including five in Western Canada, six in Eastern Canada, and two in Québec. These new locations further strengthen our position as Canada's number one casual dining brand.' said Mark Pacinda, President and Chief Executive Officer of BPI. 'Since the inception of the Fund, 229 net new Boston Pizza restaurants have been added to the Royalty Pool, growing from 154 in 2002 to 383 locations across the country today.'Boston Pizza Royalties Income Fund published this content on 03 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 January 2017 22:12:07 UTC.
Original documenthttp://www.bpincomefund.ca/en/news-room/2017/17-01-03/boston_pizza_royalties_income_fund_adds_13_new_restaurants_opened_in_2016_to_the_royalty_pool_of_boston_pizza_royalties_income_fund.aspx
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