TORONTO, Dec. 20 /CNW/ - Priszm Income Fund (TSX: QSR.UN) today announced
a cash distribution for the month of December 2007 of $0.03 per unit payable
on January 15, 2008 to Ordinary and Exchangeable Unitholders of record on
December 31, 2007.
As announced on October 18, 2007, Priszm will take an estimated one-time
restructuring charge of $5 million and, as a result, distributions to
unitholders have been temporarily adjusted to $0.03 per unit for each of the
last three months of 2007.
The December distribution is the 49th 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 466 quick service restaurants in seven provinces
across Canada. The KFC, Taco Bell and Pizza Hut restaurants under Priszm serve
1.5 million customers a week and employ approximately 9,000 people. Currently,
99 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 http://www.priszm.com.
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 www.sedar.com.
For further information:
For further information: Investors, Trish Moran, (416) 739-2906,
email@example.com; Media, Wilcox Group, (416) 203-6666,