Business
Pizza Pizza Royalty Income Fund Announces Timing of Second Quarter Results and Conference Call
Pizza Pizza Royalty Income Fund Announces Timing of Second Quarter Results and Conference Call.
About this update from Pizza Pizza Royalty Corp.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Aug. 2 /CNW/ - Pizza Pizza Royalty Income Fund (the \"Fund\")\n(TSX: PZA.UN) today announced that it will issue its results for the three\nmonths and six months ended June 30, 2006 via news release at the close of\nbusiness on August 9, 2006. A conference call will be held on Thursday, August\n10, 2006 at 9:00 a.m. (Eastern time) to discuss the results.\nThe Fund invites the investment community to participate in the\nconference call. Unitholders and media are also invited to listen to the call.\n\n>\n\nThe Fund\nThe Fund is a limited purpose, open-ended trust established under the\nlaws of Ontario to indirectly acquire certain trademarks and trade names used\nby Pizza Pizza in its restaurants. The trademarks are licensed to Pizza Pizza\nfor 99 years, for which Pizza Pizza pays the Fund a royalty equal to 6% of the\nsystem sales of its 501 Pizza Pizza restaurants in Canada as at January 1,\n2006 (the \"Royalty Pool\"). A key attribute of the Fund is that it is 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\nThe Company\nPizza Pizza Limited, a privately held-Canadian corporation, is one of\nCanada's most successful operators in the quick service restaurant industry.\nFounded in 1967, Pizza Pizza is guided by a mission to provide the \"best food,\nmade especially for you\" and a focus on quality ingredients, customer service,\ncommunity contribution and continual innovation.\nThe Fund's trust units are listed on the Toronto Stock Exchange under the\nsymbol PZA.UN.\n\n%SEDAR: 00022262EF\n\n\n","length":2201,"tagName":"div"}]