Brascan SoundVest Rising Distribution Split Trust Monthly Distribution Announcement

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    • Jan 2009
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    Brascan SoundVest Rising Distribution Split Trust Monthly Distribution Announcement

    TORONTO, ONTARIO -- (Marketwire) -- 04/22/10 -- Brascan SoundVest Rising Distribution Split Trust (the "Fund") (TSX: BSD.UN) announced today that the monthly distribution on the Capital Units of the Brascan SoundVest Rising Distribution Split Trust (the "Trust") has been suspended for the current month, as the Trust's net asset value is below the required 1.4 times asset coverage ratio. In addition, and as previously disclosed, the annual redemption rights attributable to the Capital Units and the Preferred Shares of the Trust have been temporarily suspended until such time that the Trust is able to maintain a 1.4 times asset

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