mxupa now on a theoretical return of 60 pct pa, page-3

Brookfield Asset management Canada (parent) does not guarantee MXUPA. But Brookfield Mulitplex entity in Australia is performing well (see annual report); Of course, Brookfield does not guarantee any of its subsidiaries but, give the small size of MXUPA versus giant BAM, analysts I have contacted believe there is an implict guarantee (too much reputational damage not to support Brookfield Multiplex. Analysts also believe MXUPA gets paid out in Apr 2010. Too much reporting hassle keeping it here and rate steps up another 2% making it something like 4% or is it 4.5% over BBSW. Expensive funding!