Brascan SoundVest Total Return Fund

Brascan SoundVest Total Return Fund

March 23, 2005 10:04 ET

Brascan SoundVest Total Return Fund Announces March Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BRASCAN SOUNDVEST TOTAL RETURN FUND

TSX SYMBOL: BST.UN

MARCH 23, 2005 - 10:04 ET

Brascan SoundVest Total Return Fund Announces March
Distribution

TORONTO, ONTARIO--(CCNMatthews - March 23, 2005) - Brascan SoundVest
Total Return Fund (the "Fund") (TSX:BST.UN) is pleased to announce a
distribution of $0.0583 per trust unit that will be payable on April 15,
2005 to unitholders of record on March 31, 2005.

The Fund is on track to meet its anticipated monthly distribution of
$0.0583 per trust unit for the first twelve months of the Fund,
representing an annual yield of 7% 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.

The Brascan SoundVest Total Return Fund 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 Brascan Asset Management Inc. The investment advisor and
portfolio manager for the Fund is SoundVest Capital Management Ltd.
("SoundVest"), which is 50% owned by Brascan Corporation. 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 Total Return Fund prospectus and other documents filed with
regulatory authorities.

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