Faircourt Income & Growth Split Trust Announces Normal Course Issuer Bid



    TORONTO, Jan. 5 /CNW/ - Faircourt Asset Management Inc. ("Faircourt"), as
manager of Faircourt Income & Growth Split Trust (TSX: FIG.PR.A) (the "Trust")
announced today that it has filed a notice with the Toronto Stock Exchange
(the "TSX") and received its approval to purchase for cancellation, through
the facilities of the TSX, of up to 992,716 of its preferred securities (the
"Preferred Securities"), representing approximately 10% of the public float of
its issued and outstanding Preferred Securities. As at December 29, 2008, the
number of issued and outstanding Preferred Securities was 9,964,308 and the
public float was 9,927,158.
    Purchases may commence on January 7, 2009, and will terminate on January
6, 2010. The Trust will not purchase in excess of 2% (199,286) of the
Preferred Securities (as at December 29, 2008) during any 30 day period during
the course of the normal course issuer bid. Faircourt, as manager of the
Trust, is of the opinion that purchases of the Preferred Securities of the
Trust at the prevailing market price from time to time would be a worthwhile
investment and in the best interests of the Trust and its securityholders. The
Trust has not previously purchased its Preferred Securities under a normal
course issuer bid.





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

Organization Profile

FAIRCOURT INCOME & GROWTH SPLIT TRUST

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Faircourt Asset Management Inc.

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