Boston Pizza Royalties Income Fund announced that at its AGM held on June 15, 2023, David L. Merrell did not stand for re-election and retired as a Trustee of the Fund effective June 15, 2023. Mr. Merrell was a Trustee of the Fund and Chair of the Audit Committee since June 11, 2014. Mr. Merrell brought a wealth of knowledge to the Fund and its unitholders.

Mr. Merrell helped guide the Fund through several major events, including the significant challenges faced by the Fund as a result of COVID-19, the recovery that followed and a transaction in 2015 that saw royalties received by the Fund effectively increase from 4% to 5.5%.