Faircourt Asset Management Inc. Announces June Distributions for the Trust Units and 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, June 12 /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 &                          June 27,   June 29,   July 5,
     Growth Split Trust   FIG.UN    $0.10630       2007       2007      2007
                                                June 27,   June 29,   July 5,
    Faircourt Split       FCS.UN    $0.09063       2007       2007      2007
     Trust

                             Interest
                              Payment     Yield        Ex-          Interest
                   Trading       (per       per  Dividend    Record  Payable
    Trust           Symbol   security)  annum(1)     Date      Date   Date(2)
    -------------------------------------------------------------------------
    Faircourt
     Income &
     Growth Split                                 June 19,  June 21,  July 3,
     Trust        FIG.PR.A   $0.15625     6.25%      2007      2007     2007

    Faircourt                                     June 19,  June 21,  July 3,
     Split Trust  FCS.PR.A   $0.14375     5.75%      2007      2007     2007

    (1) Per $10.00 principal amount.
    (2) The scheduled payment date of June 30, 2007 falls on a Saturday and
    with July 2, 2007 being a statutory holiday, payment will therefore be
    made in full on the next business day, July 3, 2007.
    

    Dominion Bond Rating Service (DBRS) has assigned a rating of Pfd-2 on all
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: 00018592E




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.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890