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Imvescor Restaurant Group Inc. (IRG)
Market: CDN Consolidated
$ 1.94
Aug 29, 2014, 7:47 AM EDT
Change: 0.00 (0.00%)
Volume: 0

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/C O R R E C T I O N from source - PDM Royalties Income Fund/

In c8039 sent today at 08:41e an error occurred in the headline which 
should read "PDM Royalties Income Fund Announces May Cash Distribution" 
not "PDM Royalties Income Fund Announces April Cash Distribution". Full
corrected copy follows.

PDM Royalties Income Fund Announces May Cash Distribution

MONCTON, June 6 /CNW/ - PDM Royalties Income Fund (the "Fund")         
(TSX: PDM.UN) announced today a cash distribution of $0.11 per unit for the
month of May, 2005, this reflects an annual distribution of $1.32 per unit.
The distribution will be paid to unitholders of record at the close of
business on June 21, 2005 and will be payable on or before June 30, 2005.
For those unitholders holding units outside a tax deferred plan, the Fund
estimates that the 2005 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.
Royalties paid to the Fund will be adjusted annually to include the
franchise revenues of the new Pizza Delight and Mikes Restaurants opened prior
to October 2 of each year. 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 and Mikes
Restaurants brands and has licensed them to Pizza Delight in consideration for
a royalty equal to 4% percent of system sales.
Pizza Delight is a privately owned corporation, headquartered in Moncton,
New Brunswick. It operates franchised and corporate restaurants under the
brand names Pizza Delight(R) and Mikes(R) Restaurants. Pizza Delight(R)
operates primarily in Atlantic Canada, where it dominates the family/mid-scale
segment. Mikes(R) Restaurants operates primarily in Quebec in the casual
dining segment and the take-out and delivery segments.
%SEDAR: 00018600E

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