Brascan Adjustable Rate Trust I
TSX : BAO.UN

Brascan Adjustable Rate Trust I

November 20, 2006 16:28 ET

Brascan Adjustable Rate Trust 1 Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Nov. 20, 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 December 15, 2006 to unitholders of record on November 30, 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. The Fund is managed by a subsidiary of Brookfield Asset Management Inc. The Fund is listed on the TSX under the symbol BAO.UN.

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