The Fund was created as a limited purpose trust to use the proceeds of an initial public offering to indirectly acquire the trademarks and other intellectual property and associated rights used by Second Cup cafes in Canada (the Second Cup Marks). The Second Cup Marks were then licensed to Second Cup in return for a royalty of 6.5% of system sales of certain Second Cup cafes in Canada (the Royalty Pool). The Fund indirectly owns the Second Cup trade-marks, which it licenses to The Second Cup Ltd. (Second Cup). As of January 1, 2008, there were 375 cafes in the royalty pool.
(Source: ARS) – less–ZoomInfo