Business News • MarketWire • Brascan SoundVest Rising Distribution Split Trust Monthly Distribution Announcement |
Brascan SoundVest Rising Distribution Split Trust Monthly Distribution Announcement |
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Brascan SoundVest Rising Distribution Split Trust Monthly Distribution Announcement
TORONTO, ONTARIO--(Marketwire - Jan. 20, 2010) - 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 coverage ratio. The Trust will continue to monitor its net asset value to determine when it will be able to make future distributions on its Capital Units and resume the annual redemption privilege. The quarterly distributions payable on the Trust's Preferred Shares continue to be unaffected by these
View More : http://www.marketwire.com/mw/release.do?id=1104936&sourceType=3
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