Faircourt Asset Management Inc. Announces 2008 Distributions for the Trust Units of Faircourt Split Trust



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

    TORONTO, Dec. 28 /CNW/ - Faircourt Asset Management Inc., as Manager of
Faircourt Split Trust (TSX: FCS.UN) (the "Trust"), is pleased to announce that
the targeted regular monthly distribution for 2008 will be $0.09063 per Trust
Unit ($1.08756 per annum), representing an annualized yield of 7.25% on the
original subscription price of $15 per Trust Unit.
    Faircourt Asset Management Inc. is the Investment Advisor for Faircourt
Split Trust.

    %SEDAR: 00023268E




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 at (416) 364-8989 or 1-800-831-0304

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Faircourt Asset Management Inc.

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Faircourt Split Trust

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