Faircourt Income & Growth Split Trust Announces Net Asset Value for Annual Redemption



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

    TORONTO, July 3 /CNW/ - Faircourt Asset Management Inc., the Manager of
Faircourt Income & Growth Split Trust (TSX: FIG.UN), announces today that
Unitholders who tendered their Trust Units for redemption on May 31, 2008 will
be entitled to receive $14.5520 per Trust Unit, which is equal to the Net
Asset Value per Trust Unit calculated using a three day volume weighted
average price for exchange-traded securities held by the Trust, determined as
of June 30, 2008 less costs of funding the redemption, including commissions.
Payment will be made on July 22, 2008.

    %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 INCOME & GROWTH SPLIT TRUST

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Faircourt Asset Management Inc.

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