TORONTO, ONTARIO -- (Marketwired) -- 10/24/14

Pizza Pizza Royalty Corp. (TSX:PZA) today announced a cash dividend of $0.0667 per share for October 2014.

The dividend will be payable to shareholders of record at the close of business on October 31, 2014 and will be paid on November 14, 2014.

For tax purposes, the 2014 dividend will be considered a taxable eligible dividend.

Contacts:
Curt Feltner
Chief Financial Officer
(416) 967-1010 x307
cfeltner@pizzapizza.ca
www.pizzapizza.ca and www.pizza73.com or www.sedar.com