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 5 /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, 2010 will be entitled to receive $4.2269 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, 2010 less costs of funding the redemption, including commissions. Payment will be made on July 22, 2010.

%SEDAR: 00021240E

SOURCE FAIRCOURT INCOME & GROWTH SPLIT TRUST

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 & Portfolio Manager at (416) 364-8989 or 1-800-831-0304.

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FAIRCOURT INCOME & GROWTH SPLIT TRUST

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Faircourt Asset Management Inc.

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