Le Lézard
Classified in: Business
Subject: ACC

Change in Listing Venue for the Faircourt Funds


/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, Dec. 6, 2018 /CNW/ - Faircourt Asset Management Inc. (the "Manager"), the manager and trustee of Faircourt Split Trust ("FCS") and the manager of Faircourt Gold Income Corp. ("FGX" and, together with FCS, the "Funds"), announced today its intention to change the listing venue for the Funds from the Toronto Stock Exchange ("TSX") to the Aequitas NEO Exchange ("NEO"). The Manager anticipates a seamless transition, as NEO is an electronic alternative exchange with anticipated cost savings for securityholders of the Funds.

The Manager has received conditional approval from NEO to list the units of FCS (TSX: FCS. UN), the 6.00% preferred securities of FCS (TSX: FCS.PR.C) and the class A shares of FGX (TSX: FGX) on NEO (collectively, the "Securities"). Subject to exchange approvals, the Manager anticipates that the Securities will be voluntarily delisted from the TSX on December 20, 2018 and listed on NEO on December 21, 2018.

The Manager will not seek approval of security holders of the Funds for the voluntary delisting of the Securities as the NEO will serve as an alternative market for the Securities following the delisting of the Securities from the TSX.

Certain statements contained in this news release constitute forward-looking information. Forward-looking information may relate to matters disclosed in this press release and to other matters identified in public filings relating to the Company, to the future outlook of the Company and anticipated events or results and may include statements regarding the future financial performance of the Company. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. These forward-looking statements are made as of the date of this press release and the Company does not undertake to update any forward-looking statements that are contained in this press release, except in accordance with applicable securities laws.

SOURCE Faircourt Asset Management Inc.


These press releases may also interest you

at 10:22
Twin Valley Expands to Abilene with 8 Gigabit Fiber Network
Twin Valley, Kansas' largest privately-owned broadband and communications company, announces that it is constructing a cutting-edge fiber network in Abilene, Kan. As an industry leader, Twin Valley is transforming the digital landscape with one of...

at 10:19
Revvity's EUROIMMUN and ALPCO-GeneProof Announce Strategic Partnership to Expand CE-IVD Molecular Assay Offerings
Revvity's EUROIMMUN business, a leading provider of high-quality in-vitro diagnostic products, and ALPCO-GeneProof, a global leader in molecular diagnostics, jointly announced a strategic partnership to enhance the availability of GeneProof PCR kits...

at 10:16
Varian Collaborates with BaraSeen Medical Company to Pave the Way for Advanced Cancer Treatment in Saudi Arabia with Sustainable Halcyon Technology
Varian, a Siemens Healthineers Company, announces its collaboration with BaraSeen Medical Company to introduce the first Halcyon system in Saudi Arabia - with its hallmark sustainability features - at BaraSeen's initial specialized standalone Batik-X...

at 10:15
Energy Sciences: Why We Think Employee-Led Committees Are the Secret to Our Success - And Can Be Yours, Too
Your company's success is influenced by employees' perspectives at all levels. When you harness collective expertise, passion, and creativity, you will see a shift in your company's presence in both the professional setting and throughout the...

at 10:15
Prudential Financial empowers young changemakers with $15,000 each at Emerging Visionaries Summit
Twenty-five outstanding young people were honored this week by the Prudential Emerging Visionaries program for their initiatives to address pressing financial and societal issues. ...

at 10:14
T-Mobile and EQT Announce Joint Venture to Acquire Lumos and Build Out the Un-carrier's First Fiber Footprint
T-Mobile , America's 5G leader and fastest growing broadband provider, and EQT, a purpose-driven global investment organization, today announced they have entered into a joint venture (JV) with EQT's Infrastructure VI fund (EQT) that will...

More news about Business...


News published on and distributed by: