/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER
UNITED STATES WIRE SERVICES/
TORONTO, July 6, 2012 /CNW/ - Faircourt Asset Management Inc., the
Manager of Faircourt Split Trust (TSX: FCS.UN; FCS.PR.B), announces
today that $5,083,760 in aggregate principal amount of the Trust's
6.25% outstanding Preferred Securities (the "Preferred Securities")
will be redeemed on July 20, 2012 (the "Redemption Payment Date"). The
record date of the Preferred Securities partial redemption is July 18,
Proceeds from the Preferred Securities redemption will amount to
$10.0342 for each $10.00 principal amount of Securities, being equal to
the aggregate of (i) $10.00 (the "Redemption Price"), and (ii) all
accrued and unpaid interest hereon to but excluding the Redemption
Payment Date (collectively, the "Total Redemption Price").
The interest upon the principal amount of Preferred Securities called
for redemption shall cease to be payable from and after the Redemption
Date, unless payment of the Total Redemption Price shall not be made on
presentation for surrender of such Securities on or after the
Redemption Date or prior to the setting aside of the Total Redemption
Price pursuant to the Indenture.
Securities will be redeemed pro rata from each beneficial holder of Securities pursuant to the procedures of
CDS Clearing and Depository Services Inc. Beneficial holders of
Preferred Securities should contact their broker with any questions
regarding the redemption.
SOURCE Faircourt Split Trust
For further information:
on the Faircourt Funds, please visit www.faircourtassetmgt.com or please contact: Charles Taerk, President at (416) 364-8989 or 1-800-831-0304.