Brascan SoundVest Diversified Income Fund

Brascan SoundVest Diversified Income Fund

March 23, 2005 09:52 ET

Brascan SoundVest Diversified Income Fund Announces March Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BRASCAN SOUNDVEST DIVERSIFIED INCOME FUND

TSX SYMBOL: BSI.UN

MARCH 23, 2005 - 09:52 ET

Brascan SoundVest Diversified Income Fund Announces
March Distribution

TORONTO, ONTARIO--(CCNMatthews - March 23, 2005) - Brascan SoundVest
Diversified Income Fund (the "Fund") (TSX:BSI.UN) is pleased to announce
that a distribution of $0.075 per trust unit will be payable on April
15, 2005 to unitholders of record on March 31, 2005.

Distribution Reinvestment Plan

Unitholders of the Fund may elect to automatically reinvest monthly
distributions in additional units of the Fund through the Fund's
Distribution Reinvestment Plan (the "Plan"). Participants in the Plan
may also purchase additional units of the Fund for cash. The optional
cash purchases require a minimum of $100 per payment. To enroll in the
plan, please contact your investment advisor.

The Brascan SoundVest Diversified Income Fund is an actively managed
investment fund which invests in a diversified portfolio of business
trusts, power generation and pipeline trusts, oil and gas royalty
trusts, and REITS. The Fund is managed by a subsidiary of Brascan Asset
Management Inc. The investment advisor and portfolio manager for the
Fund is SoundVest Capital Management Ltd. ("SoundVest"), which is 50%
owned by Brascan Corporation. SoundVest is an established investment
advisor, providing investment management services to pension funds,
trusts and foundations. The Fund is listed on Toronto Stock Exchange
under the symbol BSI.UN.

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