Tranche Update on Boston Pizza Royalties Income Fund (TSX:BPF.UN)'s Equity Buyback Plan announced on June 15, 2023.

From October 1, 2023 to December 31, 2023, the company has repurchased 0 shares, representing 0% for CAD 0 million. With this, the company has completed the repurchase of 242,900 shares, representing 1.13% for CAD 4 million under the buyback announced on June 15, 2023.