BOSTON PIZZA ROYALTIES INCOME FUND ANNOUNCES DECEMBER 2025 DISTRIBUTION

Boston Pizza Royalties Income Fund (TSX: BPF.UN) has announced a cash distribution to its unitholders of $0.120 per unit for December 2025. This distribution will be paid on January 30, 2026, to those on record as of the close of business on December 31, 2025. The Fund adopts a policy focused on maintaining stable and sustainable distribution levels, regularly reviewing its payout to unitholders.

Since its inception following its IPO in 2002, the Fund has proven to be a reliable investment vehicle. With the forthcoming distribution, the total number of monthly distributions will reach 276, including four special distributions, amounting to a remarkable total of $485.7 million or $28.97 per unit. The Fund generates its revenues based on the sales from the franchise system of 372 Boston Pizza restaurants within its royalty pool.

Boston Pizza is recognized as Canada's leading casual dining brand, with its first establishment opening in Edmonton, Alberta, in 1964. Over six decades later, it remains a fully Canadian entity, serving communities nationwide with a strong network of local franchise operators. Boston Pizza's offerings extend beyond dining services to include takeout and delivery options, showcasing its adaptability in the changing market.

The brand’s excellence is further underscored by a series of accolades, including recognition as a Franchisees' Choice Designation winner and a consistent presence among Canada's 50 Best Managed Companies. The company has also garnered awards in various categories from Great Place To Work, highlighting its commitment to employee wellbeing and community engagement. The trustees of the Fund have sanctioned this news release, emphasizing its importance to current and prospective investors.

The recent announcement by the Boston Pizza Royalties Income Fund regarding a cash distribution of CAD 0.120 per unit for December 2025, reflects the fund's commitment to stable and sustainable income for its unitholders. This distribution, to be paid on January 30, 2026, highlights the Fund's robust performance over the years, having disbursed a total of CAD 485.7 million since its inception in 2002.

From a market perspective, Boston Pizza continues to leverage its strong brand presence in the Canadian casual dining segment, supported by its extensive network of franchises. Operating 372 restaurants, the Fund benefits from a franchise system that aligns revenue generation directly with restaurant sales, providing a reliable income stream even in fluctuating economic conditions. This is particularly important as consumer preferences evolve, with dining experiences increasingly shifting towards takeout and delivery—a domain where Boston Pizza has established a formidable presence.

Investors considering the Fund should note its consistent distribution history, having paid monthly distributions and special bonuses, which enhances its attractiveness as a source of passive income. However, potential investors should also consider the current market dynamics, including rising interest rates and inflationary pressures, which could impact discretionary spending in the dining sector.

Given Boston Pizza's strong fundamentals, reputation for quality, and commitment to franchisee support, the Fund presents an appealing investment opportunity for those seeking exposure to the restaurant sector with a reliable income mechanism. Nevertheless, careful consideration of broader economic trends and consumer behavior should inform investment decisions. Overall, the Fund remains a standout option in the income fund landscape for risk-conscious investors looking for yield stability.