Pizza Pizza Royalty Income Fund
TSX : PZA.UN

Pizza Pizza Royalty Income Fund

May 11, 2011 16:04 ET

Pizza Pizza Royalty Income Fund Announces May Distribution and Annual General Meeting

TORONTO, ONTARIO--(Marketwire - May 11, 2011) -

Attention Business Editors:

Pizza Pizza Royalty Income Fund (the "Fund") (TSX:PZA.UN) today announced a cash distribution of $0.0584 per unit for the month of May 2011. The distribution will be payable to unitholders of record at the close of business on May 31, 2011, and will be paid on June 15, 2011.

The Fund also announced that its Annual General Meeting of Unitholders will be held at the TMX Broadcast Centre, The Exchange Tower, 130 King Street West, Toronto, Ontario on Wednesday, May 18, 2011 at 10:00 am E.D.T. Unitholders and media are invited to attend.

About the Fund

The Fund is a limited purpose, open-ended trust established under the laws of Ontario to indirectly acquire the trademarks and trade names used by Pizza Pizza Limited (the "Company") in its Pizza Pizza and Pizza 73 branded restaurants.

A key attribute of the Fund is that royalty revenues are based on top-line, system sales of the Royalty Pool restaurants and not on the profitability of either the Company or the restaurants in the Royalty Pool. The success of the Fund depends primarily on the ability of the Company to maintain and increase system sales of the Royalty Pool and to meet its royalty obligations.

The Fund's trust units are listed on the Toronto Stock Exchange under the symbol PZA.UN.

Contact Information