Brascan SoundVest Rising Distribution Split Trust
TSX : BSD.UN

Brascan SoundVest Rising Distribution Split Trust

May 19, 2006 11:43 ET

CORRECTION FROM SOURCE: Brascan SoundVest Rising Distribution Split Trust Announces Increase in Monthly Distribution for Capital Units

TORONTO, ONTARIO--(CCNMatthews - May 19, 2006) - The following corrects and replaces the release posted at 1739 ET on May 18, 2006. The third paragraph should read: "... to unitholders of record on May 31, 2006", as opposed to May 15, 2006. The complete and corrected release follows.

Brascan SoundVest Rising Distribution Split Trust (the "Trust") (TSX:BSD.UN) is pleased to announce that it has increased its anticipated monthly distribution by 3.7%, from $0.1125 per trust unit ($1.35 per unit annually) to $0.1167 per trust unit ($1.40 per unit annually). This increase represents an anticipated yield (based on the original issue price of $15.00 per unit) of 9.33%, up from 9.0% previously.

Since the inception of the Fund on October 15, 2004, the Fund's NAV per trust unit has increased 19.6%, from $9.4140 to $11.2620 and has met all of its distribution targets.

The increased monthly distribution of $0.1167 per trust unit will be payable on June 15, 2006 to unitholders of record on May 31, 2006.

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.

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

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