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Boston Pizza Royalties Income Fund

Boston Pizza Royalties Income Fund operates as a limited purpose open-ended trust. The trust was created to hold indirectly, on behalf of its Unitholders, a 100% interest in the trademarks, operating banners and intellectual property of Boston Pizza Restaurants Canada Inc., and a 100% interest in the master license agreement and related assets of Boston Pizza International Inc., pursuant to which it franchises Boston Pizza restaurants throughout Canada. The company was founded in 2002 and is based in Richmond, Canada.