Shareholders approve amendment to fundamental investment objective of
Faircourt Global Income Advantage Class Mutual Fund and plan to merge with
Faircourt Gold Income Corp.
/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE
On the Termination Date, all shareholders remaining will receive FGX shares in the amount equivalent to the net asset value per Fund share multiplied by the number of shares of the Fund held by such shareholder. Shareholders who do not wish to participate in the Merger are reminded that they should redeem their shares in the Fund prior to the Termination Date.
The Merger gives shareholders of the Fund the opportunity to hold securities of a fund with a leading management team, increased trading liquidity and a lower expense ratio (including the elimination of deferred sales charges of the Fund). FGX invests in a portfolio consisting primarily of common shares of senior and intermediate gold producers. FGX may also invest up to 30% of its net asset value in gold bullion.
For further information: For a copy of the Management Information Circular dated November 16, 2009 or additional information regarding the Fund or FGX, please visit www.sedar.com or contact Faircourt Client Service at (416) 364-8989 or toll-free at 1-800-831-0304
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