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Faircourt Split Trust Announces Maturity of 6% Preferred Securities and Extension of Maturity Date of Trust

TORONTO, May 16, 2019 (GLOBE NEWSWIRE) -- Faircourt Asset Management Inc., as manager for Faircourt Split Trust (NEO:FCS.UN) (NEO:FCS.PR.C) (the “Trust”) is pleased to remind the holders of the Trust’s 6.0% Preferred Securities that such 6.00% Preferred Securities are scheduled to mature on June 30, 2019. Payment of the principal will be made in accordance with the provisions of the Trust Indenture and Second Supplemental Indenture governing the 6.00% Preferred Securities. Accrued interest will also be paid on June 30, 2019 to holders of record as of June 20, 2019.

/EIN News/ -- It is the intention of the manager to extend the Termination Date of the Trust as per Section 17.1(2) of the Declaration of Trust for a further period of five years to June 30, 2024. Subject to market conditions and the results of the Annual Redemption, it is the intention of the manager to refinance the maturing Preferred Securities in order to continue to provide investors in the preferred securities and Units of the Trust with this unique investment.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities.  For further information please visit www.faircourtassetmgt.com or please contact 1-800-831-0304.

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.

You will usually pay brokerage fees to your dealer if you purchase or sell Units of the Trust on the NEO Exchange or other alternative Canadian trading system (an “exchange”). If the Units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying Units of the Trust and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in the public filings available at www.sedar.com. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

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