PDM Royalties Income Fund Announces Cash Distribution May 15, 2009

    MONCTON, NB, May 15 /CNW/ - PDM Royalties Income Fund (the "Fund") (TSX:
PDM.UN) announced today a cash distribution of $0.12 per unit for the month of
April, 2009. The distribution will be paid to unitholders of record at the
close of business on May 21, 2009 and will be payable on or before May 31,
    PDM Royalties Income Fund (the "Fund") is a limited purpose open-ended
trust established under the laws of Ontario. The Fund makes monthly
distributions of its available cash to holders of units. The Fund indirectly
owns the trade marks and intellectual property for the Pizza Delight(R),
Mikes(R), Scores(R) and Baton Rouge(R) brands and has licensed them to
Imvescor Inc. in consideration for a royalty equal to 4% of system sales for
Pizza Delight and Mikes, and in the case of Scores and Baton Rouge, the
royalty rate is 6%.

    Imvescor Inc. is a privately owned corporation, headquartered in Moncton,
New Brunswick. It operates franchised and corporate restaurants under the
brand names Pizza Delight, Mikes, Scores, and Baton Rouge restaurants. Pizza
Delight operates primarily in Atlantic Canada, where it dominates the
family/mid-scale segment. Mikes and Scores restaurants operate primarily in
Quebec in the family and casual dining segments and the take-out and delivery
segments. Baton Rouge has operations in Quebec and Ontario in the casual
    %SEDAR: 00018600E

For further information:

For further information: William Lane, CMA, Chief Financial Officer, PDM
Royalties Income Fund, (506) 853-0990, blane@imvescor.ca; Or visit our web
sites: www.pdmfund.ca, www.imvescor.ca, www.pizzadelight.ca, www.mikes.ca,
www.scores.ca or www.batonrougerestaurants.com

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