Faircourt Announces Revised Historical NAV's for Faircourt Income & Growth Split Trust (the "Fund")



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

    TORONTO, Feb. 18 /CNW/ - Faircourt Asset Management Inc., as Manager of
the Fund, announced a correction to the Net Asset Values ("NAV's") for the
Fund for the period from December 23rd, 2008 to January 5th, 2009. The
revision was required as a year-end special capital gains distribution
declared by one of the Fund's holdings was not reflected in the NAV during
this period due to the late notification of the dividend to RBC Dexia Investor
Services, the Fund's valuation agent by its market and pricing feeds. The
revised NAV's are as follows:

    
        December 23, 2008   $0.30

        December 24, 2008   $0.37

        December 29, 2008   $1.34

        December 30, 2008   $1.54

        December 31, 2008   $1.96

        January 2, 2009     $2.59

        January 5, 2009     $2.71
    

    This correction only impacts the NAV of the Fund for the period from
December 23rd to January 5th and does not impact the current NAV.

    %SEDAR: 00021240E




For further information:

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

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FAIRCOURT INCOME & GROWTH SPLIT TRUST

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Faircourt Asset Management Inc.

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