Pizza Delight to offer income trust units through PDM Royalties

April 19, 2004

MONCTON, New Brunswick—PDM Royalties Income Fund has filed a preliminary prospectus with Canadian securities authorities in hopes of pursuing an initial pubic offering of income trust units.

According to Dow Jones Newswires, proceeds of the offering would be used to acquire the trademarks, trade names and intellectual property owned by Pizza Delight Corp., a privately owned company operating 218 franchised and corporate restaurants under the brand names Pizza Delight and Mikes Restaurants.

Boston Pizza made a similar offering more than one year ago.

PDM Royalties didn't specify how much it hopes to raise or how many units it plans to offer.






Topics: Public Companies

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