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Boston Pizza Royalties Income Fund Announces Annual General Meeting and Webscast - June 18, 2003

June 16, 2003

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES ANNUAL GENERAL MEETING
AND WEBCAST – JUNE 18, 2003

VANCOUVER, BC, JUNE 16, 2003  - The Boston Pizza Royalties Income Fund (the “Fund”) (TSX: BPF.UN) will hold its first Annual General Meeting at 2:00 p.m. Pacific (5:00 p.m. Eastern) on Wednesday, June 18, 2003 at the Fairmont Waterfront Hotel, 900 Canada Place Way, Vancouver, B.C.

The meeting will be broadcast live on the Internet via Boston Pizza’s website at http://www.bpincomefund.com or through http://www.vcall.com/ClientPage.asp?ID=84039

The event will be archived and available for viewing through September 18,  2003.

FOR FURTHER INFORMATION PLEASE CONTACT:

Boston Pizza Royalties Income Fund
Jordan Holm - Vice President of Investor Relations
Tel: 604-303-6083

www.bpincomefund.com

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