Second Cup Royalty Income Fund (the Fund) is an open-ended trust. The Fund was created as a limited purpose trust to use the proceeds of an initial public offering to indirectly acquire the 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 Company’s wholly owned subsidiaries include GP Inc. and GP Trust. The business of MarksLP is the ownership of the Second Cup Marks. As of December 31, 2008, there were 341 cafes in the royalty pool.