Brascan Adjustable Rate Trust I

Brascan Adjustable Rate Trust I

March 20, 2006 17:14 ET

Brascan Adjustable Rate Trust I Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - March 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 April 14, 2006 to unitholders of record on March 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:

This news release contains "forward-looking statements" and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "believe", "expect", "will" and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Although Brascan Adjustable Rate Trust I believes that the anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. Factors that could cause actual results to differ materially from those set forward in the forward-looking statements or information include: general economic conditions; changes in the Federal Reserve Bank's monetary policy; interest and exchange rates; and availability of mortgage backed securities for inclusion in the Fund's portfolio and other risks and factors described from time to time in the documents filed by the company with the securities regulators in Canada including Brascan Adjustable Rate Trust I Final Prospectus under the section "Risk Factors" and in other sections of the Prospectus.

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