Priszm announces monthly distribution for August 2007

    TORONTO, Aug. 15 /CNW/ - Priszm Income Fund (TSX: QSR.UN) today announced
a cash distribution for the month of August 2007 of $0.1067 per unit payable
on September 17, 2007 to Ordinary and Exchangeable Unitholders of record on
August 31, 2007. The August distribution is the 45th consecutive cash
distribution declared since Priszm began operations on November 10, 2003.

    About Priszm Income Fund

    Priszm Income Fund (TSX: QSR.UN) has a 60.2 per cent interest in Priszm
LP, which owns and operates 484 quick service restaurants in seven provinces
across Canada. The KFC, Taco Bell, Pizza Hut and Long John Silver's
restaurants under Priszm generate annual revenues exceeding $500 million,
serve 1.5 million customers a week and employ more than 9,000 people.
Currently, 97 locations are multi-branded, combining two or more of the Fund's
restaurant concepts. To find out more about Priszm Income Fund (TSX: QSR.UN),
visit our website at

    Forward-Looking Statements

    Any forward-looking statements in this document are based on current
expectations that are subject to significant risks and uncertainties that are
difficult to predict. Actual results might differ materially from projections
suggested in any forward-looking statements due to factors such as the
competitive nature of the quick service restaurant industry, the ability of
Priszm and Priszm LP to execute a growth and development strategy, the
reliance of Priszm and Priszm LP on key personnel, the terms and conditions of
Priszm LP's franchise arrangements, and risk associated with the structure of
income trusts. Priszm and Priszm LP assume no obligation to update the
forward-looking statements, or to update the reasons why actual results could
differ from those reflected in the forward-looking statements. Additional
information identifying risks and uncertainties is contained in Priszm's
filings with the Canadian securities regulators, available at

    %SEDAR: 00019884E

For further information:

For further information: Trish Moran, (416) 739-2906,

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