Faircourt Asset Management Inc. Announces Estimated Special Distribution for the Trust Units of the Faircourt Income & Growth Split Trust



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

    TORONTO, Dec. 20 /CNW/ - Faircourt Asset Management Inc., as Manager of
Faircourt Income & Growth Split Trust (the "Trust") announces an estimated
special distribution payable on the trust units of the Trust:

    
                                Estimated
                                  Special
                                  Distri-
                                   bution        Ex-
                      Trading  Amount per   Dividend       Record    Payable
    Trust              Symbol (trust unit)      Date         Date       Date
    -------------------------------------------------------------------------
    Faircourt Income
     & Growth Split                         December     December    January
     Trust             FIG.UN     $0.7500   27, 2007     31, 2007    3, 2008
    

    This estimated special distribution will be paid by the issuance of trust
units and immediately thereafter the trust units will be consolidated such
that the number of trust units outstanding does not change.
    The Trust generally distributes all of its taxable income and capital
gains during the year but must provide advance notice to the TSX of any
special distributions required to complete this distribution. Because the
Trusts' tax position as at December 31st cannot be known with certainty, but
distributions must be announced now, the Trust is announcing an estimated
special distribution in trust units to ensure that all income and capital
gains have been distributed out of the Trust. The amount of the special
distribution is only an estimate at this time and is subject to change.

    Acuity Investment Management Inc. is the Investment Advisor for Faircourt
Income & Growth 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

Organization Profile

Faircourt Asset Management Inc.

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FAIRCOURT INCOME & GROWTH SPLIT TRUST

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