Brascan SoundVest Focused Business Trust Files Preliminary Prospectus.TORONTO -- Brascan Focused Business Management Ltd., announced today the filing of a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with the provincial securities regulators across Canada for the initial public offering of trust units of the Brascan SoundVest Focused Business Trust (the "Fund"). The Fund is an actively managed investment trust that will invest in a diversified portfolio comprised primarily of securities of business income trusts. The Fund's investment objectives are to provide stable monthly distributions and to maximize the long-term total return to unitholders. "The launch of the Brascan SoundVest Focused Business Trust is the fourth Brascan SoundVest fund we've introduced to meet the needs of the growing retail market and its investors seeking high quality investments with stable distributions", commented Bruce Robertson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Brascan Focused Business Management Ltd. Brascan Focused Business Management Ltd., an indirect wholly-owned subsidiary of Brascan Corporation (NYSE/TSX: BNN BNN Boston Neighborhood Network BNN Boundary Network Node (IBM) BNN Back-Propagation Neural Network BNN Biological Neural Network BNN Bart's Neverending Network (public-service TV network in The Netherlands) ), will be responsible for the management of the Fund. SoundVest Capital Management Ltd., which is 50% owned by Brascan, will act as the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and portfolio manager. The offering will be co-led by RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
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