At Second Cup, we know that in order to provide the best coffee for our Guests, we must continue to work in harmony with both the environment and people who provide us with the best quality coffee beans. To both our Guests and coffee producers, we pledge that our coffee growing environment is treated with the utmost respect and dignity. All of our coffee producers provide a safe and healthy work environment and employees are compensated in a fair and equitable manner. As well, Second Cup continues to provide financial remuneration for quality beans to directly benefit the farmers, workers and mills. This is our promise.
Second Cup Royalty Income Fund announces January distribution and Appointment of Chief Financial Officer
Feb 13, 2009
3:01pm
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positions on an interim basis since October 24, 2008, has withdrawn from that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 cafés 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 café franchisor and
second largest retailer of specialty coffee, as measured by number of cafés.
For further information on Second Cup, visit www.secondcup.com.
%SEDAR: 00021352E
For further information: Robert Masson, Chief Financial Officer, (905) 362-1824, investor@secondcup.com