Brascan Adjustable Rate Trust I
TSX : BAO.UN

Brascan Adjustable Rate Trust I

December 18, 2006 17:28 ET

Brascan Adjustable Rate Trust I Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - Brascan Adjustable Rate Trust I (the "Fund") (TSX:BAO.UN) today announced a monthly distribution of $0.1198 per trust unit, representing an annual yield of 6.50% based on the net asset value as at December 14, 2006. The distribution will be payable on January 15, 2007 to unitholders of record on December 29, 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.

This news release contains forward looking information. Actual future results may differ materially. The risks, uncertainties and other factors that could influence actual results are described in the Brascan Adjustable Rate Trust I prospectus and other documents filed with regulatory authorities.

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