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Pizza Pizza Royalty Corp. Announces July Dividend and Timing of Second Quarter Results Wednesday, August 7th, 2019

Toronto, Ontario, July 18, 2019 – Pizza Pizza Royalty Corp. (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for July 2019.

The dividend will be payable to shareholders of record at the close of business on July 31, 2019, and will be paid on August 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 second quarter ended June 30, 2019 will be issued after markets close on Wednesday, August 7, 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 Wednesday, August 7, 2019 at 5:00 p.m. Shareholders and media are invited to listen to the call.

Details of the Conference Call:
Date:                                        Wednesday, August 7, 2019
Time:                                        5:00 p.m. ET
Call-in number:                    647-427-7450 / 1-888-231-8191
Conference ID:                       7678016

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.