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Imvescor Restaurant Group Inc. (IRG)
Exchange: Toronto Stock Exchange
$ 2.01
Apr 21, 2014, 6:18 AM EDT
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PDM Royalties Income Fund Announces October Cash Distribution November 10, 2006

MONCTON, NB, Nov. 10 /CNW/ - PDM Royalties Income Fund (the "Fund") (TSX:
PDM.UN) announced today a cash distribution of $0.12 per unit for the month of
October, 2006. This reflects an annual distribution of $1.44 per unit. The
distribution will be paid to unitholders of record of the Fund at the close of
business on November 21, 2006 and will be payable on or before November 30,
2006.
If enacted, the recent announcement by the Federal Government will not
have an impact on the Fund's distributions until 2011. For those unitholders
holding units outside a tax deferred plan, the Fund estimates that the 2006
distributions will be treated approximately as 80% taxable income and the
balance as a return of capital. The proportion of these figures may change
when the actual results for the fiscal year are calculated.
The Fund continues to pay a yield to its unitholders above most other
restaurant royalty income funds while being able to retain a cash surplus. The
operating business continues to operate well above the levels when the Fund
completed its initial public offering in 2004.

The Fund is a limited purpose open-ended trust established under the laws
of Ontario. The Fund will make monthly distributions of its available cash to
holders of units. The Fund indirectly owns the trade marks and intellectual
property for the Pizza Delight, Mikes, and Scores brands and has licensed them
to Pizza Delight Corporation Ltd. ("PDC") in consideration for a royalty equal
to 4% of system sales, and in the case of Scores a royalty rate of 6%.

PDC is a privately owned corporation, headquartered in Moncton, New
Brunswick. It operates franchised and corporate restaurants under the brand
names Pizza Delight(R), Mikes(R), and Scores(R) restaurants. Pizza Delight(R)
operates primarily in Atlantic Canada, where it dominates the family/mid-scale
segment. Mikes(R) and Scores(R) restaurants operate primarily in Quebec in the
family and casual dining segments and the take-out and delivery segments.
%SEDAR: 00018600E

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