/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TORONTO, July 2, 2013 /CNW/ - Faircourt Asset Management Inc., the
Manager of Faircourt Split Trust (the "Trust") (TSX: FCS.UN; FCS.PR.B),
announced today that 53,892 Combined Units (consisting of one Trust
Unit and one Preferred Security) and 899,037 Trust Units (without
matching Preferred Securities) were submitted for redemption on May 31,
2013. Securityholders who tendered Combined Units for redemption will
be entitled to receive $14.1890 per Combined Unit, which is equal to
$4.1822, being the Net Asset Value per Trust Unit calculated using a
three day volume weighted average price for exchange-traded securities
held by the Trust, determined as of June 28, 2013 less costs of funding
the redemption, including commissions, plus the $10.00 principal amount
of the Preferred Security, plus all accrued and unpaid interest thereon
to but excluding July 4, 2013 (the "Payment Date"). Securityholders who
submitted unmatched Trust Units will receive $4.1822 per Trust Unit.
Payment in respect of the redemptions of Combined Units and unmatched
Trust Units will be made in full on the Payment Date.
Certain statements contained in this news release constitute
forward-looking information. Forward-looking information may relate to
matters disclosed in this press release and to other matters identified
in public filings relating to the Trust, to the future outlook of the
Trust and anticipated events or results and may include statements
regarding the future financial performance of the Trust. In some cases,
forwardlooking information can be identified by terms such as "may",
"will", "should", "expect", "plan", "anticipate", "believe", "intend",
"estimate", "predict", "potential", "continue" or other similar
expressions concerning matters that are not historical facts. Actual
results may vary from such forward-looking information.
SOURCE: Faircourt Split Trust
For further information:
Faircourt Asset Management Inc. at (416) 364-8989 or 1-800-831-0304 or visit our website at www.faircourtassetmgt.com.