Brascan SoundVest Rising Distribution Split Trust
TSX : BSD.PR.A
TSX : BSD.UN

Brascan SoundVest Rising Distribution Split Trust

December 06, 2006 17:02 ET

Brascan SoundVest Rising Distribution Split Trust: Redemption Update

TORONTO, ONTARIO--(CCNMatthews - Dec. 6, 2006) - Brascan SoundVest Rising Distribution Split Trust (TSX:BSD.UN) (TSX:BSD.PR.A) (the "Trust") today announced that following the annual redemption of Capital Units by holders of such units, the Trust purchased in the market a sufficient number of its Preferred Securities to ensure that the number of Preferred Securities that remain outstanding is equal to the number of Capital Units outstanding. As a result, the Trust will not exercise its Call Right, as described in the prospectus of the Trust dated February 25, 2005, to call any Preferred Securities for redemption in connection with the annual redemption of Capital Units.

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.

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.


Contact Information

  • Brascan SoundVest Rising Distribution Split Trust
    Tracey Wise, Director, Investor Relations
    and Communications, Retail Funds
    (416) 956-5154 or Toll Free: 1-888-777-4019
    Email: twise@brookfield.com
    Website: www.brookfieldfunds.com