Faircourt Split Trust - News Release

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Nov. 4, 2011 /CNW/ - (FCS.PR.B; FCS.UN) - The adjourned special meeting of the preferred securityholders of Faircourt Split Trust ("FCS") was reconvened at 10:00 a.m. on Thursday November 3, 2011 at which the preferred securityholders approved the increase in the number of trust units and preferred securities (each one trust unit and preferred security being a "Combined Security") available to be issued to Faircourt Asset Management Inc. (the "Manager") in order that FCS can pay the management fee payable to the Manager in Combined Securities in lieu of cash (the "Increase"), all as more particularly set out management information circular dated August 26, 2011. Accordingly, the Increase has been approved by the unitholders and the preferred securityholders of FCS.


SOURCE Faircourt Split Trust

For further information:

For a copy of the Circular, or for further information, please visit: www.faircourtassetmgt.com or contact Faircourt Client Service at (416) 364-8989 or 1-800-831-0304

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Faircourt Split Trust

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