MISSISSAUGA, ON, Feb. 13 /CNW/ - Second Cup Royalty Income Fund (the "Fund") announced that its Board of Trustees has approved a cash distribution of $0.0940 per unit for the month of January 2009 to be paid on February 27, 2009 to unitholders of record at the close of business on February 25, 2009.
The Fund also announced that it is pleased to report that Mr. Robert Masson C.A. has been appointed to the position as Chief Financial Officer of the Fund, and Secretary and Chief Financial Officer of Second Cup GP Inc. ("GP Inc.") effective immediately. Mr. James Anas, who has been acting in the above positions on an interim basis since October 24, 2008, has withdrawn from that role and continues in his capacity as Vice Chairman of The Second Cup Ltd. ("Second Cup") and Director of GP Inc.
Gabriel Tsampalieros, Chairman and Chief Executive Officer of Second Cup, commented that "We are also pleased to report that Mr. Masson has joined our Second Cup team as Chief Financial Officer. He brings a breadth of experience, particularly in franchising, and we look forward to his future contributions and successes with us."
The Fund is an open-ended trust established under the laws of the Province of Ontario. It holds, through an indirect wholly-owned limited partnership, the Canadian trade-marks and other intellectual property and associated rights used by Second Cup in connection with the operation of Second Cup cafes in Canada. For more information on the Second Cup Royalty Income Fund please visit www.secondcupincomefund.com.
Second Cup is Canada's largest specialty coffee cafe franchisor and second largest retailer of specialty coffee, as measured by number of cafes. For further information on Second Cup, visit www.secondcup.com.
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