Brookfield Soundvest Equity Fund Monthly Distribution Announcement
Toronto, January 20, 2010: (TSX: BSE.UN) Brookfield Soundvest Equity Fund (the “Fund”) announced today that a distribution of $0.025 per unit will be payable on February 15, 2010 to unitholders of record of the Fund on January 29, 2010.
This is the first monthly distribution of the Fund which was formed on January 1, 2010 by the merger of the Brascan SoundVest Total Return Fund and Brascan SoundVest Diversified Income Fund into Brascan SoundVest Focused Business Trust as approved at a special meeting of unitholders of the three funds on December 15, 2009. The distribution reflects a current annualized rate of $0.30 per unit per annum. This anticipated distribution reflects prevailing market conditions and the Fund’s estimate of distributable cash flow for the year.
Brookfield Soundvest Equity Fund gives investors access to tax-advantaged distributions while focusing on capital preservation and long-term total return. The manager and investment advisor and portfolio manager for the Fund is Brookfield Soundvest Capital Management Ltd. (the “Manager”), an established investment advisor, providing investment management services to trusts, foundations, corporations and high net worth individuals.
For further information please visit our website at www.brookfieldsoundvest.com or contact:
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Note: This news release contains forward-looking information within the meaning of Canadian provincial securities laws. The words “may”, “will”, “anticipated”, “estimate” and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify the above mentioned and other forward-looking statements. Forward-looking statements in this news release include statements regarding the 2010 target distribution in respect of the Brookfield Soundvest Equity Fund and the sustainability of such distributions. Although the Manager believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward looking statements or information in this news release. The future performance and prospects of the Fund are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of the Fund to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in Canada and elsewhere, changes in legislation including tax laws and regulations and other risks and factors described in the documents filed by the Manager with the securities regulators in Canada including under “Risk Factors” and other risks and factors described in the Joint Information Circular distributed in advance of the special meeting of unitholders of the three funds that was held on December 15, 2009 and the continuous disclosure documents available at www.sedar.com, www.brookfieldfunds.com and www.brookfieldsoundvest.com. Except as required by law, the Manager undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.