Brookfield Soundvest Split Trust (BSD.UN and BSD.PR.A) Announces Intention to Make Normal Course Issuer Bid

OTTAWA, ONTARIO--(Marketwired - March 6, 2015) - Brookfield Soundvest Capital Management Ltd. (the "Manager") (TSX:BSD.UN)(TSX:BSD.PR.A), the manager of Brookfield Soundvest Split Trust (the "Trust") today announced that the Trust intends to purchase up to 355,319 Capital Units and 355,319 of its Preferred Securities (collectively, the "Shares") by way of a normal course issuer bid on the open market through the facilities of the Toronto Stock Exchange (the "TSX") or the following alternative markets, if eligible: CHI-X Canada, Alpha ATS, MATCH Now (Triact Canada), Omega ATS and Pure Trading.

The 355,319 Capital Units represent approximately 10% of the public float of the Capital Units. The 355,319 Preferred Securities represent approximately 8.84% of the public float of the Preferred Securities. At February 27, 2015, there were 4,020,225 Capital Units and Preferred Securities issued and outstanding. The public float of 3,553,191 Capital Units has been calculated as the issued and outstanding Capital Units less the Capital Units held by insiders of the Trust. No Preferred Securities are held by insiders of the Trust.

In accordance with the Trust's declaration of trust and trust indenture, any Capital Units purchased for cancellation will be accompanied by the Trust repurchasing an equal number of Preferred Securities and vice versa. The normal course issuer bid will commence on March 11, 2015 and end on March 10, 2016 or on such earlier date as the Trust may complete its purchases or provide notice of termination. The price to be paid for the Shares under the normal course issuer bid will be the market price at the time of purchase. All Capital Units and Preferred Securities purchased by the Trust under this bid will be promptly cancelled.

Under the normal course issuer bid, the Trust may not purchase in any 30 day period more than 80,404 Units, representing 2% of the issued and outstanding Capital Units as of February 26, 2015.

As of February 27, 2015, the Trust has purchased 10,000 Capital Units at an average price of $2.24 per unit and 10,000 Preferred Securities at an average price of $10.11 per unit under a normal course issuer bid which will end on March 10, 2015.

The Trust commenced trading as Brookfield Soundvest Split Trust on April 30, 2010 after a name and a mandate change. Prior to that date, the Trust was known as Brascan Soundvest Rising Distribution Split Trust.