A 4(6methyl3nitro2oxo1,2dihydropyridin4yloxy)phthalonitrile has been used to prepare a novel Zn(II) phthalocyanines with four peripheral pyridone substituents. The compound has been characterized by UVvisible absorption, FTIR and 1 HNMR spectroscopy, elemental analysis and MALDITOF mass spectroscopy. The fluorescence, triplet quantum and singlet oxygen quantum yields have been determined and TDDFT calculations have been used to identify trends in the electronic structure.