Prime Restaurants Royalty Income Fund

Prime Restaurants Royalty Income Fund

April 19, 2007 16:52 ET

CORRECTION FROM SOURCE: Prime Restaurants Royalty Income Fund Announces April 2007 Cash Distribution

MISSISSAUGA, ONTARIO--(CCNMatthews - April 19, 2007) - In the release issued at 4:30PM ET April 19, 2007 there was an error in the first paragraph, second sentence. The distribution date was listed incorrectly as May 16, it should have read May 15. The complete and corrected release follows.

Prime Restaurants Royalty Income Fund (TSX:EAT.UN) announced today that it has declared a cash distribution of $0.094 per trust unit for the period April 1, 2007 to April 30, 2007. The distribution will be made May 15, 2007 to Unitholders of record at the close of business on April 30, 2007.

About the Royalty Income Fund

Prime Restaurants Royalty Income Fund, through PRC Trademarks Inc. ("TradeMarkCo"), is entitled to receive top-line royalties of 3.25% of the gross food and beverage revenue from pooled restaurants under the terms of a 99-year licence agreement between TradeMarkCo and Prime Restaurants of Canada Inc. ("PRC"). PRC operates and franchises a diversified portfolio of casual dining restaurants and premium pubs in Canada under the East Side Mario's, Casey's, and Fionn MacCool's brands.

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