Faircourt Asset Management Inc. Announces Quarterly Interest Payments on the Preferred Securities of the Faircourt Funds

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, June 9 /CNW/ - Faircourt Asset Management Inc., as Manager of the Faircourt Funds, is pleased to announce the distributions of interest payable on the Preferred Securities, of the following Funds:

Interest    Yield       Ex-               Interest
               Trading  Payment (per   per     Dividend    Record    Payable
    Trust       Symbol    security)  annum(1)    Date       Date       Date
    -------------------------------------------------------------------------
    Faircourt
     Income &
     Growth
     Split                                     June 17,   June 21,   June 30,
     Trust    FIG.PR.A    $0.15625    6.25%       2010       2010       2010

    Faircourt
     Split                                     June 17,   June 21,   June 30,
     Trust    FCS.PR.A    $0.14375    5.75%       2010       2010       2010

    (1) Per $10.00 principal amount.

Acuity Investment Management Inc. is the Investment Advisor for Faircourt Income & Growth Split Trust.

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Split Trust.

%SEDAR: 00023268E

For further information: on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO or Douglas Waterson, CFO and Portfolio Manager at [phone] or 1-800-831-0304