Attention Business Editors: PIZZA PIZZA ROYALTY CORP. ANNOUNCES JULY DIVIDEND

TORONTO, July 19, 2022 /CNW/ - Pizza Pizza Royalty Corp. (the "Company") (TSX: PZA) today announced its monthly cash dividend of $0.0675 per share for July 2022.

The dividend will be payable to shareholders of record at the close of business July 29, 2022, and will be paid on August 15, 2022.

For tax purposes, the 2022 dividend will be considered a taxable eligible dividend.

www.pizzapizza.ca and www.pizza73.com or www.sedar.com.

SOURCE Pizza Pizza Royalty Corp.

Christine D'Sylva, Chief Financial Officer, Pizza Pizza Royalty Corp., [phone] x 393 [email protected]; Alexander Sewrattan, Director of Finance, Pizza Pizza Royalty Corp., [phone] x 415 [email protected]