Brascan Soundvest Total Return Fund Announces February Distribution.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Brascan SoundVest Total Return Fund (the "Fund") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BST (convention) BST - British Summer Time. The name for daylight-saving time in the UK GMT time zone. .UN) is pleased to announce a distribution of $0.0583 per trust unit that will be payable on March 15, 2005 to unitholders of record on February 28, 2005. The Fund is on track to meet its anticipated monthly distribution of $0.0583 per trust unit for the first twelve months of the Fund, representing an annual yield of 7% based on the issue price of $10.00 per trust unit. The Fund will thereafter annually determine and announce each December its anticipated monthly distribution amount for the following year. The Brascan SoundVest Total Return Fund is an actively managed investment fund, whose investment objective is to provide unitholders of the Fund with a stable stream of monthly distributions, and maximize long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. total return to unitholders. The Fund is managed by a subsidiary of Brascan Asset Management Inc. 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 for the Fund is SoundVest Capital Management Ltd. ("SoundVest"), which is 50% owned by Brascan Corporation. SoundVest is an established investment advisor, providing investment management services to pension funds, trusts and foundations. 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 SoundVest Total Return Fund 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 SoundVest Total Return Fund (TSX:BST.UN) |
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