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TORONTO, Dec. 6, 2018 /CNW/ - Faircourt Asset Management Inc. (the "Manager"), the manager and trustee of Faircourt Split Trust ("FCS") and the manager of Faircourt Gold Income Corp. ("FGX" and, together with FCS, the "Funds"), announced today its intention to change the listing venue for the Funds from the Toronto Stock Exchange ("TSX") to the Aequitas NEO Exchange ("NEO"). The Manager anticipates a seamless transition, as NEO is an electronic alternative exchange with anticipated cost savings for securityholders of the Funds.
The Manager has received conditional approval from NEO to list the units of FCS (TSX: FCS. UN), the 6.00% preferred securities of FCS (TSX: FCS.PR.C) and the class A shares of FGX (TSX: FGX) on NEO (collectively, the "Securities"). Subject to exchange approvals, the Manager anticipates that the Securities will be voluntarily delisted from the TSX on December 20, 2018 and listed on NEO on December 21, 2018.
The Manager will not seek approval of security holders of the Funds for the voluntary delisting of the Securities as the NEO will serve as an alternative market for the Securities following the delisting of the Securities from the TSX.
Certain statements contained in this news release constitute forward-looking information. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. These forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking statements that are contained in this press release, except in accordance with applicable securities laws.
SOURCE Faircourt Asset Management Inc.
For further information: Please contact: Faircourt Asset Management Inc. at (416) 364-8989 or 1-800-831-0304 or visit our website at www.faircourtassetmgt.com.