PIZZA PIZZA ROYALTY CORP. ANNOUNCES JULY DIVIDEND and TIMING OF SECOND QUARTER 2023 RESULTS

TORONTO, July 17, 2023 /CNW/ - Pizza Pizza Royalty Corp. (the "Company") (TSX: PZA) today announced its monthly cash dividend of $0.075 per share for July 2023.

The dividend will be payable to shareholders of record at the close of business July 31, 2023, and will be paid on August 15, 2023.

For tax purposes, the 2023 dividend will be considered a taxable eligible dividend.

The Company also announced that its financial results for the second quarter ended June 30, 2023 will be issued after markets close on Thursday, August 10, 2023.

The Company invites analysts and portfolio managers to participate in a conference call with Pizza Pizza Management. The call will take place on Thursday, August 10, 2023 at 5:30 p.m. Shareholders and media are invited to listen to the call.

Details of the Conference Call:

Date:	Thursday, August 10, 2023
Time:	5:30 p.m. ET
Call-in number:	416-764-8650 / 888-664-6383
Recording call in number:	416-764-8677 / 888-390-0541 Available until midnight, August 24, 2023
Conference ID:	517525

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] x393 [email protected]; Alexander Sewrattan, Director of Finance, Pizza Pizza Limited, [phone] x415 [email protected]