Attention Business Editors:

Faircourt Asset Management Inc. Announces Wind Up of the Faircourt Dividend Fund

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    TORONTO, Oct. 6 /CNW/ - Faircourt Asset Management Inc. ("Faircourt")
today announced that it intends to wind-up the Faircourt Dividend Fund (the
"Fund"). Faircourt is the manager of the Fund.
    "We are focused on creating new value added solutions for retail
investors," stated Charles Taerk, President of Faircourt Asset Management
Inc., the Manager of the Fund. "We also understand that not all investments
garner the same appeal. When it comes to all of our investment options, we do
not see the opportunity for differentiated returns for this specific offering
in the near term, and we want to focus where Faircourt funds have the greatest
impact."
    Effective immediately, no further purchases of the Fund will be accepted,
and the Fund will be wound up on or about December 6, 2008 (the "Termination
Date") following the redemption of all outstanding shares of the Fund.
    Existing Unitholders are able to switch their units of the Fund into
shares of Faircourt Global Income Advantage Class ("Global Income Advantage")
mutual fund. Faircourt Global Income Advantage provides investors with access
to a broader range of investment opportunities through more international
holdings while maintaining a tax efficient monthly distribution.
    Unitholders may also redeem their holdings prior to the Termination Date
which may involve a transaction fee to their financial advisor. All
Unitholders remaining on the Termination Date will receive cash in the amount
equivalent to the net asset value per Fund unit multiplied by the number of
units of the Fund held by such unitholder.

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For further information: on the Faircourt Funds, please visit
www.faircourtassetmgt.com or please contact: Charles Taerk, President and CEO
or Douglas Waterson, CFO & Portfolio Manager at (416) 364-8989 or
1-800-831-0304