Business
Second Cup Income Fund announces Distribution for November and December 2010
Second Cup Income Fund announces Distribution for November and December 2010
About this update from Aegis Brands Inc
[{"type":"text","content":"\n\n\n\n Dec. 20, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nMISSISSAUGA, ON, Dec. 20 /CNW/ - Second Cup Income Fund (SCU.UN) ("Fund") announced that its Board of Trustees has approved cash distributions of $0.07667 per unit for the month of November 2010 and $0.07667 per unit for the month of December 2010. The distribution for the month of November is to be paid on December 31, 2010 to unitholders of record at the close of business on December 29, 2010. The distribution for the month of December is to be paid on January 31, 2011 to unitholders of record at the close of business on December 31, 2010.\nThe Fund also announced that its conversion from an income trust structure to a public corporation is expected to be completed on January 1, 2011 at which time all the outstanding units of the Fund will be exchanged on a one-for-one basis for common shares of a new corporation, The Second Cup Ltd., on a tax-deferred basis. It is expected that the common shares of The Second Cup Ltd. will commence trading on the Toronto Stock Exchange under the symbol SCU on January 4, 2010.\n\nAbout the Fund\n\nThe Fund is an open-ended trust established under the laws of the Province of Ontario. It holds the Canadian trade-marks and other intellectual property and associated rights used in connection with the operation of Second Cup cafés in Canada. The Second Cup Ltd., an indirect wholly owned subsidiary of the Fund, is Canada's largest specialty coffee café franchisor, a...