The July 19, 2022 press release contained an error with the payable Date. The payment date should have been August 4, 2022. Please find the full and corrected statement below.
Toronto, July 20 11, 2022 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as manager of Faircourt Split Trust (NEO: FCS.UN) (the “Fund”) announces that the monthly distribution on Trust Units will be adjusted by 0.06 $ per month per Trust Unit ($0.72 per year per Trust Unit) to $0.015 per month per Trust Unit ($0.18 per year per Trust Unit). The new monthly distribution will represent an actual yield of approximately 4.9% based on the current net asset value per unit of the Fund.
The Fund’s distribution is financed primarily by the writing of options and capital gains. The Manager believes that managing the distribution level represents an opportunity to help preserve and grow the net asset value of the Fund.
| Faircourt Fund | Trade symbol | Distribution amount (per share) | Ex-dividend date | Registration Date | Payment date | |
| Faircourt Split Trust | FCS.UN | $0.015 | July 28, 2022 | July 29, 2022 | August 4, 2022 | |
Faircourt Asset Management Inc. is the investment advisor to Faircourt Split Trust.
This press release is not for distribution in the United States or on United States transmission services.
For more information on Faircourt funds, please visit www.faircourtassetmgt.com
or please contact 1-800-831-0304.
