TORONTO, ONTARIO--(Marketwired - July 23, 2015) -

ATTENTION: BUSINESS EDITORS

Pizza Pizza Royalty Corp. (TSX:PZA) today announced its monthly cash dividend of $0.068 per share for July 2015.

The dividend will be payable to shareholders of record at the close of business on July 31, 2015, and will be paid on August 14, 2015.

For tax purposes, the 2015 dividend will be considered a taxable eligible dividend.

The Company also announced that its financial results for the second quarter ended June 30, 2015 will be issued after the close of market on August 6, 2015.

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, August 6, 2015 at 5:00 p.m. Shareholders and media are also invited to listen to the call.

Details of the Conference Call:

Forward-Looking Statements:

Certain statements in this report, including statements as to expected reductions to interest rate expense and resulting impacts to the Company, may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this report, such statements include such words as "may", "will", "expect", "believe", "plan", and other similar terminology. These statements reflect management's current expectations regarding future events and speak only as of the date of this report. These forward-looking statements involve a number of risks and uncertainties, including those described in the Company's annual information form. The Company assumes no obligation to update these forward looking statements, except as required by applicable securities laws.