Brascan Adjustable Rate Trust I Announces Monthly Distribution

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Thu Jun 19, 2008 4:20pm EDT 

  TORONTO, ONTARIO, Jun 19 (MARKET WIRE) -- 
Brascan Adjustable Rate Trust I (the "Fund") (TSX: BAO.UN) today
announced a monthly distribution of $0.03 per trust unit will be payable
on July 15, 2008 to unitholders of record on June 30, 2008.

    The Fund's net asset value per unit at June 12, 2008, its most recent
calculation date, was $1.52.

    The Fund provides exposure to an actively managed portfolio of primarily
mortgage-backed securities held by Brascan Adjustable Rate Limited
Partnership (the "Partnership"). There can be no assurance that the Fund
will make distributions in any future month because the ability of the
Fund to make monthly distributions is dependent upon cash flows received
by the Partnership on its portfolio securities net of the operating costs
of the Fund.

    The Fund is listed on the TSX under the symbol BAO.UN.

    For further information, please visit our website at
www.brookfieldfunds.com.

    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
Adjustable Rate Trust I prospectus and other documents filed with
regulatory authorities.

Contacts:
Brascan Adjustable Rate Trust I
Zev Korman, Director, Investor Relations
and Communications, Public Funds
(416) 359-1955
Email: zkorman@brookfield.com
Website: www.brookfieldfunds.com

Copyright 2008, Market Wire, All rights reserved.

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