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.PR.A
TSX : BSD.UN

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

BRASCAN SOUNDVEST FOCUSED BUSINESS TRUST
Brascan Adjustable Rate Trust I
TSX : BAO.UN

Brascan Adjustable Rate Trust I

May 01, 2007 17:12 ET

Brookfield Investment Funds Forms Independent Review Committee

TORONTO, ONTARIO--(CCNMatthews - May 1, 2007) - Brookfield Investment Funds Inc. ("BIFMI"), the investment manager for Brascan SoundVest Diversified Income Fund (TSX:BSI.UN), Brascan SoundVest Total Return Fund (TSX:BST.UN), Brascan SoundVest Rising Distribution Split Trust (TSX:BSD.UN)(TSX:BSD.PR.A), Brascan SoundVest Focused Business Trust (TSX:BSF.UN) and Brascan Adjustable Rate Trust I (TSX:BAO.UN), announced today the appointment of the members of the Independent Review Committee (the "IRC") as outlined in National Instrument 81-107. The IRC will oversee each of the Brookfield investment funds (the "Brookfield Funds") managed by BIFMI and will be fully compliant by November 1, 2007. The initial three members of the IRC are Mr. Jim Bacon, Mr. John Barratt and Mr. Jim Kelly. Mr. Bacon and Mr. Barratt are both the former independent advisors to BIFMI. Mr. Kelly is a corporate director and an independent businessman.

Brookfield Investment Funds Inc. is 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 both income and long-term capital appreciation. The Brookfield Funds are managed by subsidiaries of Brookfield Asset Management Inc.

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 Brookfield Funds prospectuses and other documents filed with regulatory authorities.

Contact Information

  • Brascan SoundVest Diversified Income Fund
    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