TORONTO, Jan. 15 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")
(TSX: PZA.UN) today announced a cash distribution of $0.0775 per unit for
January 2009. The distribution will be payable to unitholders of record at the
close of business on January 30, 2009, and will be paid on February 13, 2009.
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
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
The Fund's trust units are listed on the Toronto Stock Exchange under the
For further information:
For further information: Curtis Feltner, Chief Financial Officer, Pizza
Pizza Limited, Telephone: (416) 967-1010, email@example.com; Christine
D'Sylva, Investor Relations, Pizza Pizza Limited, Telephone: (416) 967-1010,
firstname.lastname@example.org; Web: www.pizzapizzaroyaltyincomefund.com,
www.pizzapizza.ca and www.pizza73.com or www.sedar.com.