Pizza Pizza Announces 4.2% Dividend Increase Wednesday, January 16th, 2013
Toronto, Ontario, January 16, 2013 – Pizza Pizza Royalty Corp., formerly Pizza Pizza Royalty Income Fund, today announced a 4.2% increase in its monthly dividend which will be effective beginning with the January 2013 dividend.
On an annual basis the dividend will increase from $0.72 to $0.75 per share.
For the period January 1 to January 31, the dividend per share will increase to $0.0625 from $0.06 and will be payable February 15, 2013 to shareholders of record at the close of business on January 31, 2013.
For tax purposes, the Company´s 2013 distributions will be treated as taxable eligible dividends. In previous years, distributions were treated in part as a taxable dividend and in part as a return of capital.
The Company´s shares are listed on the Toronto Stock Exchange under the symbol PZA.
For further information:
Curt Feltner, Chief Financial Officer
(416) 967-1010 x307