Brascan SoundVest Diversified Income Fund
TSX : BSI.UN

Brascan SoundVest Diversified Income Fund
Brascan SoundVest Total Return Fund
TSX : BST.UN

Brascan SoundVest Total Return Fund
Brascan SoundVest Rising Distribution Split Trust
TSX : BSD.UN

Brascan SoundVest Rising Distribution Split Trust
BRASCAN SOUNDVEST FOCUSED BUSINESS TRUST
TSX : BSF.UN

BRASCAN SOUNDVEST FOCUSED BUSINESS TRUST

December 18, 2007 17:23 ET

Brascan SoundVest Funds Announce Monthly Distributions and 2008 Target Distributions

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - Brascan SoundVest Funds today announced monthly distributions and 2008 target distributions for the following funds:



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Annualized
Yield 2008 Target
Brascan SoundVest Fund Ticker Amount (at Dec. Monthly
(TSX) (per unit) 17, 2007) Distribution
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Diversified Income Fund BSI.UN $0.079 9.2% $0.079
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Total Return Fund BST.UN $0.0625 8.9% $0.0625
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Rising Distribution
Split Trust BSD.UN $0.1167 23.9% $0.084
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Focused Business Trust BSF.UN $0.065 10.5% $0.065
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The monthly distribution rate for the Brascan SoundVest Rising Distribution Split Trust (capital units) is being decreased to $0.084 per unit, or $1.008 on an annual basis, effective with the January 2008 distribution (payable February 2008). The reduction is partly due to distribution decreases by certain trusts in the portfolio, fewer distribution increases by other trusts due to regulatory changes in the income trust sector, and increased borrowing costs due to higher interest rates relative to last year.

"While we are disappointed to record our first ever distribution reduction, the new rate still represents an attractive yield of 17.2% based on the current unit price. Moreover, we believe it is more sustainable in the current environment, provides a greater margin of safety and better reflects the income-generating ability of the portfolio," said Kevin Charlebois, President and Chief Executive Officer of SoundVest Capital Management. The $0.15 quarterly payment on the Rising Distribution Split Trust preferred securities (BSD.PR.A) will remain unchanged from 2007 levels.

The targeted distribution rates for the other Brascan SoundVest funds remain unchanged from 2007 levels.

December distributions are payable January 15, 2008 to unitholders of record on December 31, 2007.

Brascan SoundVest Funds are dedicated to providing high-quality investment funds to retail investors. These funds bring together innovative structures with top tier investment advisors to give investors access to tax-advantaged distributions while focusing on capital preservation and long-term total return. The investment advisor and portfolio manager for the Funds 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, foundations and high net worth individuals.

For further information please visit our website at www.brookfieldfunds.com.

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 Funds prospectuses and other documents filed with regulatory authorities.

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