Brascan Adjustable Rate Management Ltd. Announces Change in Investment Advisor for the Brascan Adjustable Rate Trust I 'TSX: BAO.UN'.TORONTO -- Brascan Adjustable Rate Adjustable rate Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. Management Ltd. is pleased to announce that Hyperion Capital Management, Inc. ("Hyperion"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Brookfield Asset Management  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , has replaced Cassels Investment Management Inc. as the investment advisor for Brascan Adjustable Rate Trust I (the "Fund") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BAO bao (pä·ö), n preciousness, one of the five virtues in Chinese medicine, for which po is responsible. See also po. BAO Basal Acid Output, see there .UN) and the Brascan Adjustable Rate Limited Partnership (the "Partnership"). Since the Fund's closing on August 17, 2005, Hyperion had been retained as the sub-advisor for the Partnership and has been responsible for making all investment decisions relating to the portfolio since the Fund's inception. Brascan Adjustable Rate Management Ltd., an indirect wholly-owned subsidiary of Brookfield Asset Management Inc., will continue to be responsible for the management of the Fund. 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 Adjustable Rate Trust I prospectus and other documents filed with regulatory authorities. Brascan Adjustable Rate Trust I (TSX:BAO.UN) |
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