Brascan Adjustable Rate Trust I
TSX : BAO.UN

Brascan Adjustable Rate Trust I

May 18, 2006 18:06 ET

Brascan Adjustable Rate Trust I Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - May 18, 2006) - Brascan Adjustable Rate Trust I (the "Fund") (TSX:BAO.UN) is pleased to announce that a monthly distribution of $0.1198 per trust unit, representing an annual yield of 5.75% based on the issue price of $25.00 per trust unit. The distribution will be payable on June 15, 2006 to unitholders of record on May 31, 2006.

Brascan Adjustable Rate Trust I is an investment trust established to provide unitholders with exposure to a portfolio primarily consisting of mortgage backed securities (MBS) with an actual or implied AAA rating. Brascan Adjustable Rate Management Ltd., an indirect wholly-owned subsidiary of Brookfield Asset Management Inc., is responsible for the management of the Fund. The Fund is listed on the TSX under the symbol BAO.UN. For further information, please visit our website at: www.brookfieldfunds.com.

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