Faircourt Split Trust to redeem C$1.6 million 6% preferreds July 27

By Wendy Van Sickle

Columbus, Ohio, July 11 – Faircourt Split Trust plans to redeem a C$1,601,630 principal amount portion of its 6% outstanding preferred securities on July 27.

The redemption amount will be C$10.0450 for each C$10.00 principal amount, or par plus accrued interest to but excluding the redemption payment date, according to Faircourt Asset Management Inc., the manager of the trust.

The record date for the redemption is July 25.

Faircourt Asset Management is based in Toronto.

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