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Boston Pizza Royalties Income Fund Announces Results of AGM Voting and Changes to Board of Trustees

John L. Cowperthwaite, FCA retires and David L. Merrell, FCA appointed to the Board of Trustees

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/11/14 -- Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) hereby announces the voting results from its annual general meeting of unitholders held on Wednesday, June 11, 2014 in Vancouver, British Columbia.

John L. Cowperthwaite, FCA did not stand for re-election and retired as a Trustee of the Fund effective June 11, 2014. Mr. Cowperthwaite had been Chairman of the Fund since its inception and brought a wealth of knowledge to the Fund and its unitholders. Since the initial public offering in July 2002, Mr. Cowperthwaite helped guide the Fund through several major events including a federal taxation change impacting trusts, the Fund's adoption of International Financial Reporting Standards and a global financial crisis. Over that time, the Fund increased its rate of monthly cash distributions a total of 16 times while paying out over $184 million to Unitholders of the Fund through 143 consecutive monthly cash distributions. The Trustees of the Fund, and the ownership and management of Boston Pizza International Inc. wish to thank Mr. Cowperthwaite for the invaluable service he provided. William C. Brown will assume the role of Chairman of the Fund.

The Fund further announced that David L. Merrell, FCA was appointed to the Board of Trustees of the Fund effective June 11, 2014. Mr. Merrell was managing partner of the Vancouver office of the accounting firm Grant Thornton LLP until his retirement from active practice in 2009.

A total of 17,656,075 units and other securities with voting entitlements were represented at the meeting, being 30.36% of the Fund's issued and outstanding units and other securities with voting entitlements.Detailed results of the ballot vote for the election of trustees are provided below:


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Nominee                        Votes For      Votes Withheld
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William C. Brown               5,007,533             353,645
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W. Murray Sadler               5,348,691              12,487
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David L. Merrell               5,345,421              15,757
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The trustees of the Fund have approved the contents of this news release.

® Boston Pizza Royalties Limited Partnership. All Boston Pizza registered Canadian trade-marks and unregistered Canadian trade-marks containing the words "Boston", "BP", and/or "Pizza" are trade-marks owned by the Boston Pizza Royalties Limited Partnership and licensed by the Boston Pizza Royalties Limited Partnership to Boston Pizza International Inc.

© Boston Pizza International Inc. 2014

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