Faircourt Asset Management Inc. Announces December Distributions for the Trust Units and 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. 7 /CNW/ - Faircourt Asset Management Inc., as Manager of
the Faircourt Funds, is pleased to announce the monthly distributions payable
on the Trust Units, as well as the distributions of interest payable on the
Preferred Securities, of the following Trusts:

    
                                  Distri-
                                   bution        Ex-
                      Trading      Amount   Dividend       Record    Payable
    Trust              Symbol   (per unit)      Date         Date       Date
    -------------------------------------------------------------------------
    Faircourt Income
     & Growth Split                         December     December    January
     Trust             FIG.UN    $0.10630   27, 2007     31, 2007    3, 2008


    Faircourt Split                         December     December    January
     Trust             FCS.UN    $0.09063   27, 2007     31, 2007    3, 2008




                              Interest
                               Payment   Yield       Ex-            Interest
                     Trading      (per     per  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%  14, 2007  18, 2007  31, 2007


    Faircourt Split                             December  December  December
     Trust          FCS.PR.A  $0.14375   5.75%  14, 2007  18, 2007  31, 2007

    (1) Per $10.00 principal amount.
    

    Dominion Bond Rating Service (DBRS) has assigned a rating of Pfd-2 on the
Preferred Securities.
    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:

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 INCOME & GROWTH SPLIT TRUST

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Faircourt Asset Management Inc.

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