TORONTO, Aug. 2 /CNW/ - Pizza Pizza Royalty Income Fund (the "Fund")
(TSX: PZA.UN) today announced that it will issue its results for the three
months and six months ended June 30, 2006 via news release at the close of
business on August 9, 2006. A conference call will be held on Thursday, August
10, 2006 at 9:00 a.m. (Eastern time) to discuss the results.
The Fund invites the investment community to participate in the
conference call. Unitholders and media are also invited to listen to the call.
<<
Details of the Conference Call:
Date: Thursday, August 10, 2006
Time: 9:00 a.m. EST
Call in number: 416-642-5212 or 1-866-321-6651
Recording call in number: 416-915-1028 or 1-866-244-4494 available
until midnight, August 24, 2006
Reservation number: 291780
>>
The Fund
The Fund is a limited purpose, open-ended trust established under the
laws of Ontario to indirectly acquire certain trademarks and trade names used
by Pizza Pizza in its restaurants. The trademarks are licensed to Pizza Pizza
for 99 years, for which Pizza Pizza pays the Fund a royalty equal to 6% of the
system sales of its 501 Pizza Pizza restaurants in Canada as at January 1,
2006 (the "Royalty Pool"). A key attribute of the Fund is that it is based on
top-line, system sales of the Royalty Pool restaurants and not on the
profitability of either Pizza Pizza or the restaurants in the Royalty Pool.
The success of the Fund depends primarily on the ability of Pizza Pizza to
maintain and increase system sales of the Royalty Pool and to meet its royalty
obligations.
The Company
Pizza Pizza Limited, a privately held-Canadian corporation, is one of
Canada's most successful operators in the quick service restaurant industry.
Founded in 1967, Pizza Pizza is guided by a mission to provide the "best food,
made especially for you" and a focus on quality ingredients, customer service,
community contribution and continual innovation.
The Fund's trust units are listed on the Toronto Stock Exchange under the
symbol PZA.UN.
%SEDAR: 00022262EF
