Merger Details and Name Change:

Effective January 31, 2007, Income & Growth Split Trust changed its name to Faircourt Income & Growth Split Trust. Concurrently, Faircourt Income Split Trust, Faircourt Split Five Trust and Faircourt Split Seven Trust merged with Faircourt Income & Growth Split Trust. Holders received units of Faircourt Income & Growth Split Trust in exchange on the following basis: Faircourt Income Split Trust, 0.60851 units; Faircourt Split Five Trust, 1.65470 units; Faircourt Split Seven Trust, 1.42055 units.