Faircourt Split Trust to redeem C$17.99 million of 6.25% preferreds

By Toni Weeks

San Luis Obispo, Calif., July 5 - Faircourt Split Trust plans to redeem C$17,990,370 of its 6.25% preferred securities, according to a press release.

The preferreds will be redeemed on July 19 at C$10.0325 for each C$10 principal amount, which includes accrued interest.

Faircourt Asset Management Inc., the manager of the trust, is based in Toronto.

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