/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER
UNITED STATES WIRE SERVICES/
TORONTO, May 2 /CNW/ - Faircourt Asset Management Inc., the Manager of
Faircourt Gold Income Corp. (the "Company") (TSX: FGX; FGX.WB; FGX.WC),
announces today that Securityholders who tendered their Class A Shares
for redemption on March 31, 2011 will be entitled to receive $10.649
per Class A Shares, which is equal to the diluted Net Asset Value per
Share calculated using a five day volume weighted average price for
exchange-traded securities held by the Company, determined as of April
28, 2011 less the pro rata share of the aggregate of all brokerage
fees, commissions and other costs relating to disposition of portfolio
securities necessary to fund such redemption. Payment will be made in
full on May 19, 2011.
SOURCE Faircourt Gold Income Corp.
For further information:
on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO or Douglas Waterson, CFO & Portfolio Manager at (416) 364-8989 or 1-800-831-0304