Faircourt Asset Management Inc. Announces March 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, March 13 /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 Trust   FIG.UN   $0.10630   March 28,  March 30,   April 5,
                                                  2007       2007       2007
    Faircourt Split
     Trust                FCS.UN   $0.09063   March 28,  March 30,   April 5,
                                                  2007       2007       2007


                          Interest   Yield
                           Payment     per         Ex-              Interest
                Trading       (per   annum    Dividend     Record    Payable
    Trust        Symbol   security)   (1)         Date       Date     Date(2)
    -------------------------------------------------------------------------
    Income
     & Growth
     Split
     Trust     FIG.PR.A  $0.10103(3)  6.25%   March 20,  March 22,   April 2,
                                                  2007       2007       2007
    Faircourt
     Split
     Trust     FCS.PR.A  $0.14375     5.75%   March 20,  March 22,   April 2,
                                                  2007       2007       2007


     (1)   Per $10.00 principal amount.
     (2)   The scheduled payment date of March 31, 2007 falls on a Saturday,
           therefore payment will be made in full on the next business day,
           Monday April 2, 2007.
     (3)   For the period from January 31, 2007 to, but not including,
           March 31, 2007. Pursuant to the merger of Faircourt Income Split
           Trust, Faircourt Split Five Trust, Faircourt Split Seven Trust,
           and Income & Growth Split Trust effective January 31, 2007,
           Preferred Securityholders received interest payments for the
           period from December 31, 2006 to, but not including, January 31,
           2007 on February 9, 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: 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 INCOME & GROWTH SPLIT TRUST

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