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Boston Pizza International Inc. Announces Plan To Exchange

Boston Pizza International Inc. Announces Plan To Exchange Units of
Boston Pizza Royalties Limited Partnership for Units of Boston Pizza
Royalties Income Fund 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/19/12 -- Boston
Pizza International Inc. ("BPI") announced today that it intends to
exchange 3,479,575 Class B units ("Class B Units") of Boston Pizza
Royalties Limited Partnership for 1,000,000 units ("Fund Units") of
Boston Pizza Royalties Income Fund (TSX:BPF.UN) (the "Fund"). The
proposed exchange is expected to be completed on or about November
23, 2012. Following the exchange, BPI intends to sell the 1,000,000
Fund Units to the chairmen and owners of BPI and a related party. 
BPI currently holds 10,299,107 Class B Units that are exchangeable
for an aggregate of 2,959,875 Fund Units or 16.9% of the Fund Units
(on a fully-diluted basis), and there are 14,570,644 Fund Units
outstanding. Following the completion of the proposed exchange, BPI
will hold 6,819,532 Class B Units that will be exchangeable for an
aggregate of 1,959,875 Fund Units or 11.2% of the Fund Units (on a
fully-diluted basis), and there will be 15,570,644 Fund Units
outstanding. 
Forward-Looking Information 
Certain statements in this press release may constitute
"forward-looking" information that involve known and unknown risks,
uncertainties, future expectations and other factors which may cause
the actual results, performance or achievements of the Fund, Boston
Pizza Holdings Trust, Boston Pizza Royalties Limited Partnership,
BPI, Boston Pizza Holdings GP Inc., Boston Pizza GP Inc., Boston
Pizza Holdings Limited Partnership, Boston Pizza Restaurants, or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, such
statements use such words as "will", "intend", "plan" and other
similar terminology. These statements reflect current expectations
and assumptions regarding future events and operating performance and
are current only as of the date of this press release. These
forward-looking statements involve a number of risks, uncertainties
and future expectations. The Fund's annual information form dated
February 8, 2012 discusses some of the factors t
hat could cause
actual results to differ materially from those expressed in or
underlying such forward-looking statements. Forward-looking
statements are made as of the date hereof and except as required by
law, we assume no obligation to update or revise them to reflect new
events or circumstances. See "Risks and Uncertainties" in the Fund's
annual information form dated February 8, 2012.
Contacts:
Boston Pizza International Inc.
Jordan Holm
Vice President of Investor Relations
604-303-6083
investorrelations@bostonpizza.com
www.bostonpizza.com/www.bpincomefund.com
 
 
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