Brascan SoundVest Rising Distribution Split Trust Announces Monthly Distribution for Capital Units
Thursday, 2 November 2006 Brascan SoundVest Rising Distribution Split Trust (the "Trust") (TSX: BSD.UN) is pleased to announce that a distribution of $0.1167 per Capital unit will be payable on July 14, 2006 to unitholders of record on June 30, 2006. For 2006, the Trust is on track to meet its anticipated monthly distribution of $0.1167 per Capital unit, representing an annual yield of 9.33% based on the issue price of $15.00 per Capital unit. The Trust will thereafter annually determine and announce each December its anticipated monthly distribution for the following year. 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. 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. Contacts:Brascan Focused Business Management Ltd.Ms. Krista MathesonVice PresidentToll Free: 1-888-777-4019 or (416) 359-8570kmatheson@brookfield.comwww.brookfieldfunds.com SOURCE: Brascan SoundVest Rising Distribution Split Trust
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
- Azul Compute Appliance Certified for Apache Geronimo Open Source J2EE Application Server
Saturday, 28 October 2006
- The Apache Software Foundation Announces Keynotes, Sponsors, and Special Events for ApacheCon US 2006
Tuesday, 10 October 2006
- MySQL and RealPlayer Certify to the Linux Standard Base
Thursday, 24 August 2006
- Virtuas Open Source Solutions and Partners Honor the Apache Geronimo Project
Saturday, 29 July 2006
- The Apache Software Foundation Announces Preliminary Schedule and Registration Opening for Apachecon US 2006
Thursday, 27 July 2006
- Canonical Ltd. Commits to Support Sun Fire Servers With UltraSPARC T1 'CoolThreads' Technology With Leading Ubuntu GNU/Linux Distribution
Wednesday, 31 May 2006
- Exadel to Present on JSF and AJAX Business Solutions at MySQL Users Conference
Thursday, 20 April 2006
- Smart Style Selects Continuent Clustering for MySQL
Wednesday, 15 February 2006
- Nokia and MySQL Collaborate on Next Generation Telecommunication Subscriber Registers
Wednesday, 15 February 2006
- Open-Xchange Inc. and VDEL Sign Master Distribution Agreement for Eastern Europe and Russia
Thursday, 19 January 2006
- SCO Exhibits MySQL on SCO OpenServer and Digital Services Leadership at Retail Industry's Largest Show
Tuesday, 17 January 2006
- Apache Declares Cash Dividends on Common and Preferred Shares
Sunday, 1 January 2006
- Boeing Delivers First Apache Combat Helicopter for Japan and Lockheed Martin Prepares to Deliver Two More New C-130J Aircraft
Tuesday, 27 December 2005
- Run Your Own Web Server Using Linux & Apache -- SitePoint's Latest Release
Sunday, 18 December 2005
- Alcatel Selects MySQL Cluster for its Multi-Access Data Server Platform
Monday, 5 December 2005
|