Pizza Pizza Royalty Income Fund Announces October Distribution

About this update from Pizza Pizza Royalty Corp.

[{"type":"text","content":"\n\n\n\nTORONTO, Oct. 16 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")\n(TSX: PZA.UN) today announced a cash distribution of $0.0775 per unit for\nOctober 2008. The distribution will be payable to unitholders of record at the\nclose of business on October 31, 2008, and will be paid on November 14, 2008.\n\n\nAbout the Fund\n\n\nThe Fund is a limited purpose, open-ended trust established under the\nlaws of Ontario to indirectly acquire the trademarks and trade names used by\nPizza Pizza Limited ("Pizza Pizza") in its Pizza Pizza and Pizza 73 branded\nrestaurants.\n\n\nA key attribute of the Fund is that royalty revenues are based on\ntop-line, system sales of the Royalty Pool restaurants and not on the\nprofitability of either Pizza Pizza or the restaurants in the Royalty Pool.\nThe success of the Fund depends primarily on the ability of Pizza Pizza to\nmaintain and increase system sales of the Royalty Pool and to meet its royalty\nobligations.\n\n\nThe Fund's trust units are listed on the Toronto Stock Exchange under the\nsymbol PZA.UN.\n\n\n%SEDAR: 00022262EF\n\n\n","length":1160,"tagName":"div"}]

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