Press Release Details

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES THIRD QUARTER 2016 RESULTS
INCLUDING Distributable Cash per Unit increaseS OF 2.2% for the Period and 3.4% YTD

Payout Ratio of 91.8% for the Period.

Highlights

• Franchise Sales¹ from royalty pool restaurants of $215.6 million for the Period and $624.5 million YTD, representing increases of 1.5% and 2.6%, respectively, versus the same periods one year ago.
• Distributable Cash² per Unit increased 2.2% for the Period and 3.4% YTD.
• Payout Ratio³ of 91.8% for the Period, 98.2% YTD and 96.9% on a trailing 12-month basis.  Cash balance at the end of the Period was $3.6 million.
• Same Store Sales Growth of negative 0.5% for the Period and positive 0.7% YTD.
• Trustees declared October 2016 distribution to unitholders of 11.5 cents per Unit.