Boston Pizza Royalties Income Fund Announces Establishment of Automatic Securities Purchase Plan for Its Normal Course Issuer

Boston Pizza Royalties Income Fund Announces Establishment of Automatic 
Securities Purchase Plan for Its Normal Course Issuer Bid 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/18/13 -- Boston
Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN) announced today
that it has established an automatic securities purchase plan
("ASPP") with its broker, BMO Nesbitt Burns Inc., to allow for the
repurchase of Fund units under the Fund's current Normal Course
Issuer Bid at any time, including when it ordinarily would not be
active in the market due to its own internal trading blackout
periods, insider trading rules or otherwise. The ASPP will terminate
on the earliest of: (a) the date on which the purchase limits
specified in the ASPP have been attained, (b) the date on which the
Normal Course Issuer Bid terminates, (c) the Fund terminates the ASPP
in accordance with the terms of the ASPP, in which case the Fund will
issue a press release announcing such termination, and (d) August 31,
2013. All purchases under the ASPP will be made on the open market
through the facilities of the Toronto Stock Exchange ("TSX") in
accordance with the requirements of the TSX or other Canadian
marketplaces by registered investment dealers. 
The Fund previously announced on August 22, 2012 that the Fund had
received TSX approval of a Notice of Intention to Make a Normal
Course Issuer Bid through the facilities of the TSX from September 4,
2012 to no later than August 31, 2013. This Normal Course Issuer Bid
permits the Fund to repurchase for cancellation up to 1,442,522 Fund
units. In accordance with the rules of the TSX, the maximum number of
units that can be purchased on a daily basis by the Fund is 7,174
units, subject to the block purchase exception. The Fund intends to
finance purchases under the current Normal Course Issuer Bid by
drawing on the $26 million of available debt capacity that it has
under existing credit facilities established by a subsidiary of the
Fund, Boston Pizza Royalties Limited Partnership, with a Canadian
Chartered Bank. As at March 18, 2013, the Fund has not purchased any
Fund units under its current Normal Course Issuer Bid. 
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 348 Boston Pizza restaurants in the royalty pool. 
The trustees of the Fund approved the contents of this news release.
Contacts:
Boston Pizza Royalties Income Fund
Jordan Holm
Vice President of Investor Relations
604-303-6083
investorrelations@bostonpizza.com
www.bpincomefund.com
 
 
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