Faircourt Asset Management suspends distributions for FIG.UN and FCS.UN

Published Friday October 10th, 2008

THE CANADIAN PRESS

TORONTO - Faircourt Asset Management Inc., manager of Faircourt Income & Growth Split Trust (TSX: FIG.UN, FIG.PR.A) and Faircourt Split Trust (TSX: FCS.UN, FCS.PR.A), said Friday that it has suspended distributions for the two trusts.

Faircourt said the distributions were being suspended "to protect the trusts' net asset value and to preserve the Trusts' ability to rebuild and meet their respective investment objectives in the long term."

Both the Faircourt Income & Growth Split Trust and Faircourt Split Trust are designed to provide levered exposure to their portfolios comprised of income trusts, dividend paying equities and other income generating securities.

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