Overview

Priszm Income Fund

Information by Research Trustfinance

Priszm Income Fund was a publicly-traded, open-ended income trust listed on the Toronto Stock Exchange. Its primary business was owning and operating over 400 quick-service restaurants across Canada under the Yum! Brands umbrella (KFC, Taco Bell, Pizza Hut). The fund was structured to distribute cash flow from its restaurant operations to its unitholders. In March 2011, facing significant financial distress and debt, Priszm filed for and was granted protection from creditors under the Companies' Creditors Arrangement Act (CCAA). The company's assets were subsequently sold off to various buyers, including Soul Restaurants Canada Inc., effectively leading to the dissolution of the fund and cessation of its operations.


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