Faircourt Asset Management Inc. Announces Monthly Distribution
Faircourt Asset Management Inc., the Manager of the Faircourt Fund (NEO:FGX), is excited to share the announcement of the monthly distribution payable to shareholders of the fund. This update is significant for those interested in the financial performance and returns of the Faircourt Gold Income Corp.
Details of the Distribution
Here are the key details regarding the upcoming distribution:
- Fund: Faircourt Gold Income Corp.
- Trading Symbol: FGX
- Distribution Amount: $0.024 per share/unit
- Ex-Dividend Date: August 30
- Record Date: August 30
- Payable Date: September 16
Role of Faircourt Asset Management
As the Investment Advisor for Faircourt Gold Income Corp., Faircourt Asset Management Inc. is responsible for managing the fund's investment objectives and strategies, aiming to maximize returns for its investors.
Understanding Fund Distributions
Fund distributions are a portion of the earnings shared with shareholders, typically on a regular schedule. It’s important for investors to grasp how these distributions are calculated and what factors may influence their amounts.
Importance of Monitoring Fees
Investors should remain vigilant about brokerage fees incurred when buying or selling shares of the Fund on the NEO Exchange or other alternative Canadian trading platforms. These fees can significantly affect the overall return on investment, either by raising costs during purchases or lowering proceeds when selling shares.
Investment Fund Considerations
When considering an investment in unit shares of an investment fund like the Faircourt Gold Income Corp., several factors come into play. Investment funds often incur various fees and expenses that can impact performance. Therefore, it is crucial for investors to review the disclosure documents that provide essential information about the fund before making any investment decisions.
Public Filings and Performance
For more detailed insights into the Faircourt Gold Income Corp., investors can access public filings available on designated regulatory websites. These documents offer valuable information regarding the fund’s operations, historical performance, and strategic direction.
Frequently Asked Questions
What is the Faircourt Fund?
The Faircourt Fund is managed by Faircourt Asset Management Inc., with a focus on generating distributions through various investments.
How much is the monthly distribution for FGX?
The monthly distribution for Faircourt Gold Income Corp. (FGX) is set at $0.024 per share/unit.
When will the distribution be payable?
The distribution will be payable on September 16.
What is the importance of ex-dividend and record dates?
The ex-dividend date is essential for determining eligibility for the distribution, while the record date specifies which shareholders are entitled to receive that distribution.
How can I contact Faircourt Asset Management Inc. for more information?
For additional information, you can contact them at 1-800-831-0304.
