Toronto Stock Exchange: BPF.UN

VANCOUVER, BC, June 15, 2023 /CNW/ - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today that it has received Toronto Stock Exchange ("TSX") approval of a Notice of Intention to Make a Normal Course Issuer Bid from June 20, 2023 to no later than June 19, 2024. The Normal Course Issuer Bid will permit the Fund to repurchase for cancellation up to 400,000 units of the Fund (the "Units"), being approximately 1.86% of the Fund's issued and outstanding Units (as at June 6, 2023). The Fund has 21,521,463 Units issued and outstanding as at June 15, 2023. The average daily trading volume of the Units for the period between December 1, 2022 and May 31, 2023 was 35,095 Units. In accordance with the rules of the TSX, the maximum number of Units that can be purchased on a daily basis by the Fund is 8,773 Units, subject to the block purchase exception.