Faircourt Asset Management Inc. Announces August Distributions for the Trust Units of the Faircourt Funds



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER
    UNITED STATES WIRE SERVICES./

    TORONTO, Aug. 21 /CNW/ - Faircourt Asset Management Inc., as Manager of
the Faircourt Funds, is pleased to announce the monthly distributions payable
on the Trust Units of the following Trusts:

    
                            Distribu-
                            tion
                Trading     Amount      Ex-Dividend  Record      Payable
    Trust       Symbol     (per unit)   Date         Date        Date
    -------------------------------------------------------------------------
    Faircourt
     Income &
     Growth
     Split
     Trust      FIG.UN      $ 0.10630   August 29,   August 31,  September 6,
                                             2007         2007          2007
    Faircourt
     Split
     Trust      FCS.UN      $ 0.09063   August 29,   August 31,  September 6,
                                             2007         2007          2007
    

    Acuity Investment Management Inc. is the Investment Advisor for Faircourt
Income & Growth Split Trust.
    Faircourt Asset Management Inc. is the Investment Advisor for Faircourt
Split Trust.

    %SEDAR: 00021240E




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, at (416) 364-8989 or (800) 831-0304.

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FAIRCOURT INCOME & GROWTH SPLIT TRUST

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Faircourt Asset Management Inc.

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