Preferred shares of Faircourt Split Trust and Faircourt Income & Growth Split Trust subject to ratings change

    TORONTO, Feb. 24 /CNW/ - (TSX: FCS.PR.A; FIG.PR.A) - As a consequence of
the declining equity markets, DBRS Limited ("DBRS") issued a press release on
Friday, February 13, 2009 announcing that it had downgraded 26 ratings of
preferred shares/securities issued by split share companies or trusts. Two of
Faircourt's split share funds have been affected: Faircourt Split Trust and
Faircourt Income & Growth Split Trust. For a full copy of the DBRS press
release please visit their website at

For further information:

For further information: on the Faircourt Funds, please visit or please contact: Charles Taerk, President and CEO
or Douglas Waterson, CFO & Portfolio Manager at (416) 364-8989 or

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Faircourt Asset Management Inc.

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