TORONTO, ONTARIO -- (Marketwire) -- 11/04/09 -- Attention Business Editors:

Pizza Pizza Royalty Income Fund (the "Fund") (TSX: PZA.UN) today announced the timing of the release of the financial results and conference call for the third quarter ended September 30, 2009.

The Fund will issue its financial results for the third quarter at the close of market on November 11, 2009.

The Fund invites analysts and portfolio managers to participate in a conference call with Curt Feltner, Chief Financial Officer and Pat Finelli, Chief Marketing Officer to discuss the results. The conference call is scheduled for 5:00 p.m. EST, Wednesday, November 11, 2009.

Unitholders and media are also invited to listen to the call.

Details of the Conference Call:

Date:                        Wednesday, November 11, 2009
Time:                        5:00 p.m. EST
Call-in number:              416-640-3404 or 1-866-322-1159
Recording call in number:    647-436-0148 or 1-888-203-1112
                             available until midnight, Tuesday, November 24,
                              2009
Reservation number:          8049776

About the Fund

The Fund is a limited purpose, open-ended trust established under the laws of Ontario to indirectly acquire the trademarks and trade names used by Pizza Pizza Limited ("the Company") in its Pizza Pizza and Pizza 73 branded restaurants.

A key attribute of the Fund is that royalty revenues are based on top-line, system sales of the Royalty Pool restaurants and not on the profitability of either the Company or the restaurants in the Royalty Pool. The success of the Fund depends primarily on the ability of the Company to maintain and increase system sales of the Royalty Pool and to meet its royalty obligations.

The Fund's trust units are listed on the Toronto Stock Exchange under the symbol PZA.UN.