Mr. Michael Harbinson reports

BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES NOVEMBER 2019 DISTRIBUTION

Boston Pizza Royalties Income Fund has declared a cash distribution to unitholders of 11.5 cents per unit for November, 2019. The distribution will be paid on Dec. 31, 2019, to unitholders of record at the close of business on Dec. 21, 2019. The fund periodically reviews distribution levels based on its policy of stable and sustainable distribution flow to unitholders.

About Boston Pizza Royalties Income Fund

The fund is a limited-purpose, open-ended trust with an excellent record for investors since its initial public offering in 2002. The fund earns revenue based on the franchise system sales from the 396 Boston Pizza restaurants included in the fund's royalty pool.