Faircourt Income & Growth Split Trust Announces Net Asset Value for Annual Redemption

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER

UNITED STATES WIRE SERVICES/

TORONTO, July 3 /CNW/ - Faircourt Asset Management Inc., the Manager of Faircourt Income & Growth Split Trust (TSX: FIG-UN.TO), announces today that Unitholders who tendered their Trust Units for redemption on May 31, 2008 will be entitled to receive $14.5520 per Trust Unit, which is equal to 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, 2008 less costs of funding the redemption, including commissions. Payment will be made on July 22, 2008.

Contacts

on the Faircourt Funds
please visit www.faircourtassetmgt.com or please contact: Charles Taerk
President and CEO
or Douglas Waterson
CFO
at (416) 364-8989 or 1-800-831-0304