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, Dec. 8 /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
                          Payment     Yield                         Interest
                Trading      (per       per  Ex-Dividend   Record    Payable
    Trust        Symbol  security)  annum(1)        Date     Date       Date
    -------------------------------------------------------------------------
    Faircourt
     Income &
     Growth
     Split                                      December  December  December
     Trust     FIG.PR.A  $0.15625     6.25%     16, 2009  18, 2009  31, 2009

    Faircourt
     Split                                      December  December  December
     Trust     FCS.PR.A  $0.14375     5.75%     16, 2009  18, 2009  31, 2009

    (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: 00021240E

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