Home > Market Activity > Get Quotes > News > News Article

Imvescor Restaurant Group Inc.

Market: CDN Consolidated | Apr 2, 2015, 5:26 AM EDT

$ 1.65
0.00 (0.00%)

Day Low 1.63
Day High 1.68
52 Week Low 1.42
52 Week High 2.60

  • Trade Now
PDM Royalties Income Fund Announces Cash Distribution August 12, 2009

MONCTON, NB, Aug. 12 /CNW/ - PDM Royalties Income Fund (the "Fund") (TSX: PDM.UN) announced today a cash distribution of $0.05 per unit for the month of July, 2009. The distribution will be paid to unitholders of record at the close of business on August 21, 2009 and will be payable on or before August 31, 2009.

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

Imvescor Inc. is a privately owned corporation, headquartered in Moncton, New Brunswick. It operates franchised and corporate restaurants under the brand names Pizza Delight, Mikes, Scores, and Baton Rouge restaurants. Pizza Delight operates primarily in Atlantic Canada, where it dominates the family/mid-scale segment. Mikes and Scores restaurants operate primarily in Quebec in the family and casual dining segments and the take-out and delivery segments. Baton Rouge has operations in Quebec and Ontario in the casual segment.

%SEDAR: 00018600E

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use