Faircourt Split Trust was created using a dual security structure, consisting of Trust Units and Preferred Securities, to provide investors with leveraged capital growth potential based on a portfolio of North American equity securities.

Investment Objectives

The investment objectives of the Trust are to achieve a balance between the objectives of the Preferred Securityholders and Unitholders, subject to the prior rights of Preferred Securityholders.

The investment objectives with respect to the Preferred Securities are (i) to provide Securityholders priority distributions of interest in the amount of $0.15625 per quarter ($0.625 per annum to yield per annum on the subscription price of $10.00); and (ii) to repay to Preferred Securityholders, on December 31, 2014 in priority to any return of the original subscription price to Unitholders, the original subscription price of the Preferred Securities.

The investment objectives with respect to the Trust Units are: (a) to provide Unitholders with a stable stream of tax efficient monthly cash distributions currently $0.02 per Trust Unit per month, a portion of which is taxdeferred; and (b) to return to Unitholders, on December 31, 2014 at least the original subscription price of the Units.

Option Writing

The Manager believes that option writing has the potential to add value in certain sectors that have sustained volatility. The Manager believes that certain sectors within the broader North American equity markets, whch have historically maintained a high degree of volatility are well suited to an option writing strategy. In order to generate additional returns and to reduce risk, the Manager writes covered call options on securities held in the portfolio and cash secured put options on securities desired to be held in the portfolio. Writing a call option tends to decrease the Fund’s exposure to the underlying instrument. Writing put options tends to increase the Fund’s exposure to the underlying instrument.

There is currently no performance data for this fund.