Boston Pizza Royalties Income Fund (the Fund) is a limited purpose open-ended trust established to acquire indirectly, through Boston Pizza Royalties Limited Partnership and Boston Pizza Holdings Trust (the Trust), the Canadian trademarks owned by Boston Pizza International Inc. (BPI) and used in connection with the operation of the Boston Pizza restaurants in Canada (collectively the BP Rights). The Partnership licenses the BP Rights to BPI in return for a 4% royalty of franchise sales of Boston Pizza Restaurants included in the specific royalty pool (the Royalty Pool).