Brascan SoundVest Focused Business Trust
			Symbol			BSF.UN
			Shares Issued			1,874,434
			Close 2009-11-03			C$ 4.31
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Brascan SoundVest Focused et al. propose combination

2009-11-04 08:22 ET - News Release

Also News Release (C-BSI) Brascan SoundVest Diversified Income Fund
Also News Release (C-BST) Brascan SoundVest Total Return Fund

An anonymous director reports

PROPOSED COMBINATION OF BRASCAN SOUNDVEST DIVERSIFIED INCOME FUND, BRASCAN SOUNDVEST TOTAL RETURN FUND, AND BRASCAN SOUNDVEST FOCUSED BUSINESS TRUST

Brookfield Investment Funds Management Inc. (the manager) confirms a proposal to combine three of its existing funds -- Brascan SoundVest Focused Business Trust, Brascan SoundVest Total Return Fund and Brascan SoundVest Diversified Income Fund -- into one fund, to be named the Brookfield Soundvest Equity Fund. The combination will also include amendments to the existing investment strategy and a change in fund manager.

The proposal, which requires approval by unitholders of each of the three funds, will result in unitholders of each of Brascan SoundVest Total Return Fund and Brascan SoundVest Diversified Income Fund becoming unitholders of Brascan SoundVest Focused Business Trust (the continuing fund). It is proposed that the continuing fund will be renamed and its management fee will be reduced from 1.10 per cent to 0.95 per cent. It is also proposed that its investment mandate be expanded to allow investment in a broader set of primarily high-yielding equity securities. The investment objectives will remain the same: to provide unitholders with a stable stream of monthly distributions and to maximize long-term total return to unitholders.

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