Faircourt Asset Management Inc. Announces September 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, Sept. 11 /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:

    
                          Distribu-
                              tion
               Trading      Amount    Ex-Dividend                    Payable
    Trust       Symbol   (per unit)          Date    Record Date        Date
    -------------------------------------------------------------------------
    Faircourt
     Income &
     Growth
     Split
     Trust     FIG.UN     $0.10630   September 26,  September 28,  October 4,
                                             2007           2007        2007
    Faircourt
     Split
     Trust     FCS.UN     $0.09063   September 26,  September 28,  October 4,
                                             2007           2007        2007



                        Interest
                         Payment    Yield          Ex-              Interest
              Trading       (per      per     Dividend     Record    Payable
    Trust      Symbol   security)  annum(1)       Date       Date     Date(2)
    -------------------------------------------------------------------------
    Faircourt
     Income
     & Growth
     Split
     Trust    FIG.PR.A  $0.15625     6.25%   September   September   October
                                             18, 2007    20, 2007    1, 2007
    Faircourt
     Split
     Trust    FCS.PR.A  $0.14375     5.75%   September   September   October
                                             18, 2007    20, 2007    1, 2007

    (1) Per $10.00 principal amount.
    (2) The scheduled payment date of September 30, 2007 falls on a Sunday
    and payment will therefore be made in full on the next business day,
    October 1, 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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