Brascan SoundVest Funds Announce Distributions

TORONTO, ONTARIO–(EMWNews – Aug. 20, 2008) – Brascan SoundVest Funds today announced monthly distributions and quarterly preferred interest payment for the following funds:

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                                                                 Annualized
                                                                      Yield
                        Ticker  Distribution   Record    Payable (at August
Fund                      (TSX)    (per unit)    Date       Date   19, 2008)
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Brascan SoundVest
 Diversified Income                            August  September
 Fund                   BSI.UN        $0.079 29, 2008   15, 2008        9.6%
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Brascan SoundVest                              August  September
 Total Return Fund      BST.UN       $0.0625 29, 2008   15, 2008        8.8%
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Brascan SoundVest
 Rising Distribution                           August  September
 Split Trust            BSD.UN        $0.084 29, 2008   15, 2008       18.2%
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Brascan SoundVest
 Rising Distribution
 Split Trust
 (quarterly preferred                          August  September
 interest payment)    BSD.PR.A         $0.15 29, 2008   15, 2008        6.1%
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Brascan SoundVest
 Focused Business                              August  September
 Trust                  BSF.UN        $0.065 29, 2008   15, 2008       12.2%
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Unitholders of Brascan SoundVest Diversified Income Fund may elect to automatically reinvest monthly distributions in additional units of the Fund through the Fund’s Distribution Reinvestment Plan (the “Plan”). Participants in the Plan may also purchase additional units of the Fund for cash. The optional cash purchases require a minimum of $100 per payment. To enroll in the plan, please contact your investment advisor.

Brascan SoundVest Funds are dedicated to providing high-quality investment funds to retail investors. These funds bring together innovative structures with top tier investment advisors to give investors access to tax-advantaged distributions while focusing on capital preservation and long-term total return. The investment advisor and portfolio manager for the Funds is Brookfield SoundVest Capital Management Ltd., which is 50% owned by Brookfield Asset Management Inc. Brookfield SoundVest is an established investment advisor, providing investment management services to pension funds, trusts, foundations and high net worth individuals.

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 Funds prospectuses and other documents filed with regulatory authorities.