Karaliaus Mindaugo taurė (English: King Mindaugas Cup) is an annual basketball competition of Lithuanian basketball teams. It is organised by the Lithuanian Basketball Federation (Lietuvos krepšinio federacija – LKF) and the Lithuanian Basketball League (Lietuvos krepšinio lyga – LKL). The tournament is named in honor of Mindaugas, the first King of Lithuania.
Question: The King Mindaugas Cup takes place more than once a year. True, False, or Neither? 