BRASCAN SOUNDVEST FOCUSED BUSINESS TRUST
TSX : BSF.UN

BRASCAN SOUNDVEST FOCUSED BUSINESS TRUST

October 18, 2006 16:15 ET

Brascan SoundVest Focused Business Trust Announces Increase in Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Oct. 18, 2006) - Brascan SoundVest Focused Business Trust (the "Trust")(TSX:BSF.UN) is pleased to announce that it has increased its anticipated monthly distribution by 4% from $0.0625 per trust unit ($0.75 per unit annually) to $0.065 per trust unit ($0.78 per unit annually). This increase represents an anticipated yield (based on the original issue price of $10.00 per unit) of 7.8%, up from 7.5% previously.

The increased monthly distribution of $0.065 per trust unit will be payable on November 15, 2006 to unitholders of record on October 31, 2006.

The Brascan SoundVest Focused Business Trust is an actively managed investment fund, whose investment objective is to provide unitholders of the Fund with a stable stream of monthly distributions, and maximize long-term total return to unitholders. 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.

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 Focused Business Trust prospectus and other documents filed with regulatory authorities.

Contact Information

  • Brascan SoundVest Focused Business Trust
    Tracey Wise, Director, Investor Relations
    and Communications, Retail Funds
    (416) 956-5154 or Toll Free: (888) 777-4019
    Email: twise@brookfield.com
    Website: www.brookfieldfunds.com