Toronto, January 21, 2009 – Brascan SoundVest Funds today announced monthly distributions for the following funds:
| Fund | Ticker (TSX) |
Distribution (per unit) |
Record Date | Payable Date |
|---|---|---|---|---|
| Brascan SoundVest Diversified Income Fund | BSI.UN | $ 0.042 | January 30, 2009 | February 13, 2009 |
| Brascan SoundVest Total Return Fund | BST.UN | $ 0.028 | January 30, 2009 | February 13, 2009 |
| Brascan SoundVest Rising Distribution Split Trust | BSD.UN | $ nil | See below | See below |
| Brascan SoundVest Focused Business Trust | BSF.UN | $ 0.027 | January 30, 2009 | February 13, 2009 |
The monthly distribution on the Capital Units of the Brascan SoundVest Rising Distribution Split Trust (the “Trust”) has been suspended for the current month, as the Trust’s net asset value is below the required 1.4 times asset coverage ratio.
The Trust continues to monitor its net asset value to determine when it will be able to resume the annual redemption privilege which has been temporarily suspended, as previously announced, as well as distributions on its Capital Units. Further details will be provided as developments warrant.
Unitholders of Brascan SoundVest Diversified Income Fund may elect to automatically reinvest monthly distributions in additional units of the Fund through the Fund’s Distribution Reinvestment Plan (the “Plan”). Participants in the Plan may also purchase additional units of the Fund for cash. The optional cash purchases require a minimum of $100 per payment. To enroll in the plan, please contact your investment advisor.
Brascan SoundVest Funds are 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 tax-advantaged distributions while focusing on capital preservation and long-term total return. The investment advisor and portfolio manager for the Funds is Brookfield SoundVest Capital Management Ltd., which is 50% owned by Brookfield Asset Management Inc. Brookfield SoundVest is an established investment advisor, providing investment management services to pension funds, trusts, foundations and high net worth individuals.
For further information please visit our website at www.brookfieldfunds.com or contact:
Zev Korman
Director, Investor Relations and Communications - Public Funds
Tel: (416) 359-1955
Email: zkorman@brookfield.com
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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 Funds prospectuses and other documents filed with regulatory authorities.