Brascan SoundVest Diversified Income Fund
TSX : BSI.UN

Brascan SoundVest Diversified Income Fund

November 20, 2006 16:25 ET

Brascan SoundVest Diversified Income Fund Announces Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Nov. 20, 2006) - Brascan SoundVest Diversified Income Fund (the "Fund") (TSX:BSI.UN) is pleased to announce that a distribution of $0.079 per trust unit will be payable on December 15, 2006 to unitholders of record on November 30, 2006.

For 2006, the Fund is on track to meet its anticipated monthly distribution of $0.079 per trust unit, representing an annual yield of 9.48% based on the issue price of $10.00 per trust unit. The Fund will thereafter annually determine and announce each December its anticipated monthly distribution amount for the following year.

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 Brookfield Asset Management Inc. The investment advisor and portfolio manager for the Fund is SoundVest Capital Management Ltd. ("SoundVest"), which is 50% owned by Brookfield Asset Management Inc. 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.

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 SoundVest Diversified Income Trust prospectus and other documents filed with regulatory authorities.

Contact Information

  • Brascan SoundVest Diversified Income Fund
    Tracey Wise
    Director, Investor Relations & Communications, Retail Funds
    (416) 956-5154 or Toll Free: 1-888-777-4019
    Email: twise@brookfield.com
    Website: www.brookfieldfunds.com