Pizza Pizza Royalty Income Fund Announces June Dividend Tuesday, June 19th, 2012

Toronto, Ontario, June 18, 2012 – Pizza Pizza Royalty Income Fund (the “Fund”) (TSX: PZA.UN) today announced a cash dividend of $0.06 per unit for the month of June 2012. The deemed dividend, a portion of which is return of capital, will be eligible for the enhanced dividend tax credit if paid or allocated to a resident of Canada. The dividend will be payable to unitholders of record at the close of business on June 29, 2012, and will be paid on July 13, 2012.

The Fund´s trust units are listed on the Toronto Stock Exchange under the symbol PZA.UN.

For further information:


Curt Feltner, Chief Financial Officer, Pizza Pizza Limited

(416) 967-1010

Christine D´Sylva, Director of Finance and Investor Relations, Pizza Pizza Limited

(416) 967-1010 and or