July 04, 2016 20:00 ET
TORONTO, ONTARIO--(Marketwired - July 4, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Faircourt Asset Management Inc., the Manager of Faircourt Split Trust (the "Trust") (TSX:FCS.UN)(TSX:FCS.PR.C), announced today that Securityholders who tendered Combined Units (consisting of one Trust Unit and one Preferred Security) for redemption will be entitled to receive $15.5709 per Combined Unit, which is equal to $5.5609, being the Net Asset Value per Trust Unit calculated using a three day volume weighted average price for exchange-traded securities held by the Trust, determined as of June 30, 2016 less costs of funding the redemption, including commissions, plus the $10.00 principal amount of the Preferred Security, plus all accrued and unpaid interest thereon to but excluding July 6, 2016 (the "Payment Date"). Securityholders who submitted unmatched Trust Units (without matching Preferred Securities) will receive $5.5609 per Trust Unit. Payment in respect of the redemptions of Combined Units and unmatched Trust Units will be made in full on the Payment Date.
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 Trust, to the future outlook of the Trust and anticipated events or results and may include statements regarding the future financial performance of the Trust. 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
Faircourt Asset Management Inc.(416) 364-8989 or 1-800-831-0304www.faircourtassetmgt.com
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