VANCOUVER, BC, Nov. 1, 2022
/CNW/ - Boston Pizza Royalties Income Fund (the "Fund")
(TSX: BPF.UN) is pleased to announce the appointment of
Shelley Williams to the Board of
Trustees of the Fund and as a director of each of Boston Pizza
Holdings GP Inc. and Boston Pizza GP Inc. effective
November 1, 2022.
"On behalf of the Board of Trustees, we are pleased to welcome
Shelley Williams as a Trustee of the
Boston Pizza Royalties Income Fund", said Marc Guay, Chair of the Board of Trustees. "Ms.
Williams's financial and governance expertise and business
exposures will augment the skills of our Board as we continue to
strive to deliver consistent and sustainable returns to our
unitholders."
Ms. Williams is currently a member of the Board of Directors of
Concentra Bank o/a Wyth Financial (Chair, Human Resources and
Compensation Committee, member of the Governance Committee, and
member of the Special Committee overseeing the sale of Concentra
Bank to EQ Bank). She was a member of the Board of Directors
and Chair of the Audit Committee, Risk Committee, and Conduct
Review Committee of BC Life and Casualty Company (2015-2021); Chair
of the Board, and Chair of the Audit and Finance Committee of
Douglas College in British Columbia (2010-2017); and Vice Chair
and Chair of the Finance, Audit and Risk Committee of the Board of
Directors of HFN LNG Development Corporation (2015-2016). She
also was an Independent Commissioner and Board member with the
British Columbia Securities Commission from 2008-2013.
Ms. Williams has held various senior finance positions
throughout her career, including the position of Vice President,
Corporate Treasurer for Finning International Inc. from 2003 –
2007. Ms. Williams holds a Bachelor of Arts (Economics) from
the University of Victoria. She also
obtained her Chartered Accountant (now Chartered Professional
Accountant) designation in 1995 and her ICD.D designation in
2009. Ms. Williams joins Marc
Guay, Paulina Hiebert and
David Merrell as Trustees of the
Fund and will hold office until the next annual general meeting of
voting unitholders of the Fund.
ABOUT US
The Fund is a limited purpose open ended trust with an
excellent track record for investors since its IPO in 2002.
Including the September 2022 distribution which was paid on
October 31, 2022, the Fund has paid out 237 monthly
distributions and one special distribution totaling $387.2 million or $24.36 per Unit. The Fund earns
revenue based on the franchise system sales of the 383 Boston
Pizza restaurants in the Fund's royalty pool.
Boston Pizza International Inc. ("BPI") is
Canada's number one casual dining
brand. The Boston Pizza brand has served communities from
coast-to-coast for 58 years since opening its first restaurant
in Edmonton, Alberta in
1964. Today Boston Pizza proudly remains a Canadian company
with its hundreds of local franchise owners operating more dining
rooms, sports bars and patios than any other single brand in the
country, along with take-out and delivery. BPI has been
recognized both as a Franchisees' Choice Designation winner and a
Platinum Member of Canada's
50 Best Managed Companies for many years.
The trustees of the Fund have approved the contents of this news
release.
SOURCE Boston Pizza Royalties Income Fund