Brascan Adjustable Rate Trust I Announces First Distribution.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. 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) is pleased to announce its first monthly distribution of $0.145833 per trust unit, representing an annual yield of 7% based on the issue price of $25.00 per trust unit. The distribution will be payable on October 14, 2005 to unitholders of record on September 30, 2005. Brascan Adjustable Rate Management Ltd., an indirect wholly-owned subsidiary of Brascan Corporation, will 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 Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . Brascan Adjustable Rate Trust I (TSX:BAO.UN) |
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