Priszm Income Fund (the Fund) is an open-ended limited purpose trust. The Fund was established to acquire, through wholly owned Priszm Limited Partnership (Priszm LP), the KFC restaurant business of PBI LP comprising 466 KFC restaurants and a salad production facility. As at December 27, 2009, the Fund had 438 stores and had sold the salad production facility. The Priszm Income Fund holds approximately a 60% interest in the Company and its general partner, Priszm Inc. (collectively the Company). Obelysk Inc. (Obelysk) holds the remaining interest through its ownership of exchangeable and subordinated units. The Company has the right to use the KFC, Pizza Hut, and Taco Bell names, logos and products. The Fund is entirely dependent upon the operations and assets of the Company.