Brascan Adjustable Rate Trust I
TSX : BAO.UN

Brascan Adjustable Rate Trust I

August 17, 2006 16:37 ET

Brascan Adjustable Rate Trust I Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Aug. 17, 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 September 15, 2006 to unitholders of record on August 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. The Fund is managed by a subsidiary of Brookfield Asset Management Inc. The Fund is listed on the TSX under the symbol BAO.UN. For further information, please visit our website at: www.brookfieldfunds.com.

Contact Information

  • Brookfield Investment Funds Management Inc.
    Ms. Krista Matheson
    Vice President
    (416) 359-8570 or Toll Free: 1-888-777-4019
    kmatheson@brookfield.com