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Hampton Securities Limited
Distance: 0.0 Mi141 Adelaide St W Ste 1800
M5H 3L5 Toronto -
Maison Placements Canada Inc.
Distance: 0.0 Mi130 Adelaide St W
M5H 2K4 Toronto -
Sun Life Financial Inc.
Distance: 0.1 Mi150 King Street West 6th Floor
M5H 1J9 Toronto -
Inspiration Mining Corporation
Distance: 0.1 Mi130 King St W Ste 1800
M5X 1E3 Toronto -
Altamira Investment Services Inc.
Distance: 0.1 MiSuite 900 The Exchange Tower 130 King Street West
M5X 1K9 Toronto
Faircourt Asset Management Inc
- 141 Adelaide St W Ste 1402
- Toronto, Ontario
- M5H 3L5
- Phone: 1 416 364 8989
- Website
Website Links
Description
Toronto, March 16, 2006 : Faircourt Asset Management Incorporated, the Manager of Faircourt Split Trust (the "Trust"), is pleased to announce that the Trust completed its initial public offering of 2,760,000 5.75% Preferred Securities at a price of $10 per Preferred Security and 2,760,000 Trust Units at a price of $15.00 per Trust Unit for total gross proceeds of $69,000,000. The 5.75% Preferred Securities and Trust Units issued in the initial public offering of the Trust commenced trading today on the Toronto Stock Exchange under the symbols “FCS.PR.A” & “FCS.UN”, respectively. Dominion Bond Rating Service (DBRS) has assigned a provisional rating of Pfd-2 to the 5.75% Preferred Security. Distribution Information: 5.75% Preferred Securities: The first quarterly distribution will be payable on June 30, 2006, to securityholders of record as at June 21, 2006. The amount payable June 30, 2006 is $0.16698 and includes accrued interest from the closing of the offering March 16, 2006 through to and including June 29, 2006. Trust Units: The first distribution is expected to be payable on or about June 8, 2006 to unitholders of record as at May 31, 2006. The offering was made through a syndicate of agents co-led by BMO Nesbitt Burns Incorporated, CIBC World Markets Incorporated, RBC Capital Markets, and included Scotia Capital Incorporated, TD Securities Incorporated, National Bank Financial Incorporated, Blackmont Capital Incorporated, HSBC Securities (Canada) Incorporated, Richardson Partners Financial Limited, Berkshire Securities Incorporated, Canaccord Capital Corporation, Dundee Securities Corporation, Raymond James Limited and Wellington West Capital Incorporated This press release is not for distribution in the United States or over United States wire services For further information on the Faircourt Income Split Trust, please contact: Charles Taerk, President, or Douglas Waterson, CFO, at 416-364-8989 or 1-800-831-0304.