Brascan to Raise C$121 Million Through the Royal LePage Franchise Services Fund.Business Editors TORONTO--(BUSINESS WIRE)--July 30, 2003 Brascan Corporation (NYSE NYSE See: New York Stock Exchange :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) )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BNN.A) today announced the filing of a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. with the provincial securities regulators across Canada for The Royal LePage Franchise Services Fund (the "Fund"). The Fund will be the franchisor of the growing Royal LePage franchise network, which today is comprised of 226 franchisees serviced by more than 8,900 agents and sales representatives operating from 519 locations across Canada. The Fund will receive a stable stream of franchise fees and other revenues by providing services to franchised brokers and individual real estate sales agents. "The Royal LePage Franchise Services Fund creates a platform for the continued growth of our franchise brokerage network. The Fund will enable us to leverage our position as one of Canada's largest providers of franchise services to real estate brokers and agents" commented Phil Soper, President, Royal LePage Franchise Services Fund. Units of the Fund have been priced at $C10.00 to provide a return to investors of approximately 11% per annum. Brascan is retaining a 25% interest in the Fund. On closing, Brascan will receive net cash proceeds of approximately C$121 million in consideration for the franchise agreements and associated trademarks relating to the Royal LePage residential brokerage franchise network. Brascan will provide management services to the Fund pursuant to a management services agreement. Simon P. Dean, Managing Partner, Brascan Financial added, "the Fund represents an important expansion of Brascan's asset management activities, adding to our complement of structured products that provide investors with an alternative investment opportunity based on a successful Canadian business with solid fundamentals and growth prospects." The offering is expected to close on August 7, 2003 at which time the Fund will begin trading on the TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). under the symbol "RSF RSF RSF (Rudolph Steiner Foundation) Social Finance RSF Reporters Sans Frontières (French: Reporters Without Borders) RSF Reporteros Sin Fronteras (Spanish: Reporters Without Borders) ". The underwriting syndicate is comprised of CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. Inc., 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:
 This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . Inc., Scotia Capital Inc., TD Securities Inc. and Desjardin Securities Inc. Forward-Looking Statements The Fund's press releases may contain forward-looking statements including statements pertaining to growth of the Royal LePage franchise network and revenues and cash flows of the Fund. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks related to the residential real estate industry generally and the residential brokerage industry in particular, including the impact of economic conditions and the competitive environment of the residential brokerage industry, the effects of increases in interest rates, unemployment and inflation on consumer confidence and housing affordability, and reductions in real estate commission rates. Additional information on these and other factors that could affect the Fund's operations, financial results or distribution levels are included in the Fund's prospectus on file with Canadian securities regulatory authorities which can be obtained through the SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review website at www.sedar.com or from CIBC World Markets Inc. The Fund disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has neither approved nor disapproved of the contents of this release. About the Royal LePage Franchise Network The Royal LePage Franchise Network is a leading Canadian full service franchise network with over 8,900 representatives in more than 500 locations across Canada. Franchise brands include Royal LePage, Johnston and Daniel and Realty World. About Brascan Corporation Brascan is a real estate, power generation and asset management company. The company's objective is to earn a superior return on equity by owning operations which produce consistent and sustainable cash flows. Total assets exceed US$15 billion, with a further US$5 billion of assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . This includes 50 high quality office properties and 39 power generating plants. Within Brascan's areas of expertise, the company invests directly or through the capital markets in high quality assets when they can be acquired at discounts to their underlying value, or lends bridge or mezzanine capital to owners that are willing to share their equity returns. The company is listed on the New York and Toronto stock exchanges under the symbol BNN and BNN.a respectively. Royal LePage Franchise Services Fund 39 Wynford Drive Don Mills, Ontario Brascan Corporation 181 Bay Street, BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Place, Suite 4400, Toronto, Ontario |
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