Jeff Parent B. Eng. FCSI CIM Faircourt Income & Growth Split Trust FIG.UN-T PAST TOP PICK Dec 04, 2009

Mutual fund and the first $100 million is owned by preferred shareholders who have guarantees on income and capital. Portfolio is about $100 million and $510 million with the balance being owned by the capital unit holders who take all the risk. No longer pays any income. Only take a very small position and be willing to give it all up. If the market goes up 10%, this could go up by about $5.

Very oil weighted. Has good potential. NAV is close to $5. Thinks distributions will restart in the next 3 to 6 months. There is a ratio of how much value there has to be, before they can pay distributions.