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Pizza Pizza Royalty Corp Announces April Dividend and Timing of First Quarter Results Tuesday, April 23rd, 2019

Toronto, Ontario, April 23, 2019 – Pizza Pizza Royalty Corp. (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for April 2019.

The dividend will be payable to shareholders of record at the close of business on April 30, 2019, and will be paid on May 15, 2019.

For tax purposes, the 2019 dividend will be considered a taxable eligible dividend.

The Company also announced that its financial results for the first quarter ended March 31, 2019 will be issued after markets close on Thursday, May 9, 2019.

The Company invites analysts and portfolio managers to participate in a conference call with Paul Goddard, Chief Executive Officer and Curt Feltner, Chief Financial Officer. The call will take place on Thursday, May 9, 2019 at 5:00 p.m. Shareholders and media are invited to listen to the call.

Details of the Conference Call:

Date:                                        Thursday, May 9, 2019
Time:                                        5:00 p.m. ET
Call-in number:                          647-427-7451 / 1-888-231-8191
Conference ID:                          7762977

For further information:

Christine D’Sylva, Vice President of Finance and Investor Relations, Pizza Pizza Royalty Corp.
(416) 967-1010 x393 cdsylva@pizzapizza.ca
www.pizzapizza.ca and www.pizza73.com or www.sedar.com.