Boston Pizza Royalties Income Fund is a Canada-based limited purpose open-ended trust. The Fund owns the Boston Pizza trademarks for Canada. The Fund provides Unitholders with top-line royalties from Boston Pizza Restaurants. All operating costs for Boston Pizza Restaurants and capital investments for new locations are funded by franchisees. The Fund has no capital expenditures and only administrative expenses and interest on debt and, therefore, can maintain a high payout ratio to unitholders. The Fund provides cash distributions to unitholders in each month, at a monthly distribution rate of $0.102 per unit. The taxable component of distributions to unitholders is classified as eligible dividends from a taxable Canadian corporation.