BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES 3.3% INCREASE TO MONTHLY CASH DISTRIBUTIONS TO UNITHOLDERS

Toronto Stock Exchange: BPF.UN

VANCOUVER, BC, April 2, 2026 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today a cash distribution to unitholders of the Fund ("Unitholders") of $0.124 per unit for March 2026. The distribution will be paid on April 30, 2026 to unitholders of record at the close of business on April 21, 2026. This is an increase of $0.004 per unit, or 3.3%, from the previous monthly distribution rate of $0.120 per unit. On an annualized basis, the new monthly distribution rate equates to $1.488 per unit compared to $1.440 per unit for the previous monthly distribution rate.

"We are very pleased to announce a 3.3% increase to our monthly cash distribution, raising it to $0.124 per unit, the highest rate in the Fund's history," said Marc Guay, Chair of the Board of Trustees. "This increase reflects the strong financial performance of the Boston Pizza system and the continued growth of the Fund's cash balance.  Boston Pizza's recent results demonstrate the resilience and strength of the business, and we remain committed to delivering stable, sustainable and growing cash distributions to our Unitholders, while continuing to prudently monitor the Fund's cash position in the context of evolving economic uncertainties."

The trustees of the Fund will continue to closely monitor the Fund's available cash balances and distribution levels to maintain a stable and sustainable return for the Unitholders.

ABOUT US

The Fund is a limited purpose open ended trust with an excellent track record for investors since its IPO in 2002.  Including the March 2026 distribution which is payable on April 30, 2026, the Fund will have paid out 279 monthly distributions and four special distributions totaling $493.4 million or $29.34 per unit. The Fund earns revenue based on the franchise system sales of the 372 Boston Pizza restaurants in the Fund's royalty pool.

Boston Pizza is the premier casual dining brand in Canada. The first Boston Pizza restaurant opened in Edmonton, Alberta in 1964 and over 60 years later Boston Pizza proudly remains a 100% Canadian company serving communities from coast-to-coast-to-coast. It boasts a vast network of local franchise owners who collectively operate the largest number of dining rooms, sports bars, and patios across the nation, complemented by robust takeout and delivery services. Boston Pizza International Inc. has been recognized as a Franchisees' Choice Designation winner and a Platinum Member of Canada's 50 Best Managed Companies for many years, and has received awards from Great Place To Work in the categories of Best Workplaces: in Canada – 100-999 Employees, in British Columbia, in Retail & Hospitality, for Mental Wellness, for Women, for Giving Back, and with Most Trusted Executive Teams.

The trustees of the Fund have approved the contents of this news release.

www.bpincomefund.com 

SOURCE Boston Pizza Royalties Income Fund

FOR FURTHER INFORMATION PLEASE CONTACT: Michael Harbinson, Chief Financial Officer, Tel: [phone], E-mail: [email protected]