Brascan SoundVest Rising Distribution Split Trust

Brascan SoundVest Rising Distribution Split Trust

March 28, 2006 17:38 ET

Brascan Soundvest Rising Distribution Split Trust Announces New Monthly Distribution Date for Capital Units

TORONTO, ONTARIO--(CCNMatthews - March 28, 2006) - Brascan SoundVest Rising Distribution Split Trust (the "Trust") (TSX:BSD.UN) is pleased to announce that a distribution of $0.1125 per Capital unit will be payable on April 13, 2006 to unitholders of record on March 31, 2006. Please note that the date for the payment of the distribution was changed from April 14th, which is a statutory holiday in Canada.

For 2006, the Trust is on track to meet its anticipated monthly distribution of $0.1125 per Capital unit, representing an annual yield of 9% based on the issue price of $15.00 per Capital unit. The Trust will thereafter annually determine and announce each December its anticipated monthly distribution for the following year.

The Brascan SoundVest Rising Distribution Split Trust is a portfolio of select income trusts that have a demonstrated record of increasing distributions, or the investment advisor believes has the potential to increase distributions. The Trust has a dual security structure consisting of capital units and preferred securities. The Trust is managed by a subsidiary of Brookfield Asset Management Inc. The investment advisor and portfolio manager for the Trust 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.

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This news release may contain 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 Rising Distribution Split Trust Fund prospectus and other documents filed with regulatory authorities.

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