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


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The news release dated July 19, 2022 had an error with the payable date. The payable date should have been August 4, 2022. Please find below the complete and corrected release.

Toronto, July 20, 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.

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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 Funds Trading Symbol Distribution Amount (per share) Ex-Dividend Date Record Date Payable 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 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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