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Faircourt Asset Management Inc. Announces Adjustment in Distribution for the Trust Units of Faircourt Split Trust

Written by Customer Service on . Posted in Public Companies.

Toronto, July 19, 2022 (GLOBE NEWSWIRE) —  Faircourt Asset Management Inc., as Manager of Faircourt Split Trust (NEO: FCS.UN) (the “Fund”) announces that the monthly distribution on the Trust Units will be adjusted from $0.06 per month per Trust Unit ($0.72 per annum per Trust Unit) to $0.015 per month per Trust Unit ($0.18 per annum per Trust Unit). The new monthly distribution will represent a current yield of approximately 4.9% based on the current net asset value per unit of the Fund.

The Fund’s distribution is funded primarily by option writing and capital gains. The Manager believes that managing the distribution level represents an opportunity to assist in preserving and growing the NAV of the Fund.

 

Faircourt FundsTrading SymbolDistribution Amount (per share)Ex-Dividend DateRecord DatePayable Date
Faircourt Split TrustFCS.UN$0.015July 28, 2022July 29, 2022August 15, 2022

 

Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Split Trust.

This press release is not for distribution in the United States or over United States wire services.

For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com

or please contact 1-800-831-0304.

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