Brascan Adjustable Rate Trust I

Brascan Adjustable Rate Trust I

June 19, 2008 16:15 ET

Brascan Adjustable Rate Trust I Announces Monthly Distribution

TORONTO, ONTARIO--(Marketwire - June 19, 2008) - Brascan Adjustable Rate Trust I (the "Fund") (TSX:BAO.UN) today announced a monthly distribution of $0.03 per trust unit will be payable on July 15, 2008 to unitholders of record on June 30, 2008.

The Fund's net asset value per unit at June 12, 2008, its most recent calculation date, was $1.52.

The Fund provides exposure to an actively managed portfolio of primarily mortgage-backed securities held by Brascan Adjustable Rate Limited Partnership (the "Partnership"). There can be no assurance that the Fund will make distributions in any future month because the ability of the Fund to make monthly distributions is dependent upon cash flows received by the Partnership on its portfolio securities net of the operating costs of the Fund.

The Fund is listed on the TSX under the symbol BAO.UN.

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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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