Brookfield Real Assets Income Fund Inc. Announces Distribution Declaration and Fund Updates
07 Janeiro 2022 - 6:54PM
Brookfield Real Assets Income Fund Inc. (NYSE: RA) (the “Fund”)
today announced that its Board of Directors (the “Board”) declared
the Fund’s monthly distributions for January, February and March
2022. The Fund also announced certain organizational updates.
Distribution Declaration
Month |
Record Date |
Ex Date |
Payable Date |
Amount per Share |
January 2022 |
January 19, 2022 |
January 18, 2022 |
January 27, 2022 |
$0.1990 |
February 2022 |
February 9, 2022 |
February 8, 2022 |
February 17, 2022 |
$0.1990 |
March 2022 |
March 16, 2022 |
March 15, 2022 |
March 24, 2022 |
$0.1990 |
Shares purchased on or after the ex-distribution
date will not receive the distribution discussed above. Please
contact your financial advisor with any questions. Distributions
may include net investment income, capital gains and/or return of
capital (ROC). Any portion of the Fund’s distributions that is a
return of capital does not necessarily reflect the Fund’s
investment performance and should not be confused with “yield” or
“income.” The tax status of distributions will be determined at the
end of the taxable year.*
Update regarding sub-advisory arrangement with
Oaktree Capital Management, L.P. (“Oaktree”)
Following the close of business on Friday,
January 14, 2022, Oaktree will assume sole management of the Fund’s
securitized credit investments. Currently, Oaktree manages a
portion of the Fund’s securitized credit allocation that focuses on
its investments in commercial mortgage-backed securities (“CMBS”)
and related assets. In addition to managing the Fund’s CMBS and
related assets, Oaktree will assume management of the Fund’s
securitized credit allocation that focuses on its investments in
residential mortgage-backed securities and related assets. As
investment adviser, Brookfield Public Securities Group LLC
determines, and has oversight responsibility for, the Fund’s
securitized credit allocations.
Update Regarding the Board of Directors
Effective December 31, 2021, Mr. Louis P.
Salvatore, an independent Director of the Fund, Chairman of the
Audit Committee and member of the Nominating and Compensation
Committee resigned from the Board. At that time, Mr. William H.
Wright II assumed Mr. Salvatore’s role as Chairman of the Audit
Committee. At a Special Meeting of the Board held on December 13,
2021, the Board ratified and approved the Audit Committee’s
selection and appointment of Mr. Wright to serve as Chairman of the
Audit Committee. Mr. Wright has served as an independent Director
of the Fund, and member of the Audit and Nominating and
Compensation Committees since August 2020.
Brookfield Public Securities Group LLC (“PSG”)
is an SEC-registered investment adviser that represents the Public
Securities platform of Brookfield Asset Management Inc., providing
global listed real assets strategies including real estate
equities, infrastructure equities, energy infrastructure equities,
multi-strategy real asset solutions and real asset debt. With over
$20 billion of assets under management as of November 30, 2021, PSG
manages separate accounts, registered funds and opportunistic
strategies for financial institutions, public and private pension
plans, insurance companies, endowments and foundations, sovereign
wealth funds and individual investors. PSG is a wholly owned
subsidiary of Brookfield Asset Management Inc., a leading global
alternative asset manager with approximately $650 billion of assets
under management as of September 30, 2021. For more information, go
to https://publicsecurities.brookfield.com/.
Brookfield Real Assets Income Fund Inc. is
managed by PSG. The Fund uses its website as a channel of
distribution of material information about the Fund. Financial and
other material information regarding the Fund is routinely posted
on and accessible at https://publicsecurities.brookfield.com/.
Oaktree is a leader among global investment
managers specializing in alternative investments,with $158 billion
in assets under management as of September 30, 2021. The firm
emphasizes an opportunistic, value-oriented and risk-controlled
approach to investments in credit, private equity, real assets and
listed equities. The firm has over 1,000 employees and offices in
19 cities worldwide. For additional information, please visit
Oaktree’s website at http://www.oaktreecapital.com/.
COMPANY CONTACTBrookfield Real
Assets Income Fund Inc.Brookfield Place250 Vesey Street, 15th
FloorNew York, NY 10281-1023(855)
777-8001publicsecurities.enquiries@brookfield.com
Investing involves risk; principal loss
is possible. Past performance is not a guarantee of future
results.
* Distributions include all distribution
payments regardless of source and may include net income, capital
gains, and/or return of capital (ROC). ROC should not be confused
with yield or income. The Fund's Section 19a-1 Notice, if
applicable, contains additional distribution composition
information and may be obtained by visiting
publicsecurities.brookfield.com. Final determination of a
distribution's tax character will be made on Form 1099 DIV and sent
to shareholders. On a tax basis, as of November 30, 2021, the most
recent available figures, the estimated components of the
cumulative distributions for the fiscal year to date would include
an estimated return of capital of $1.4463 (66.07%) per share for
the Fund. This amount is an estimate and the actual amount and
sources for tax reporting purposes may change upon final
determination of tax characteristics and may be subject to changes
based on tax regulations. A return of capital is not taxable and
results in a reduction in the tax basis of a shareholder’s
investment. The final determination regarding the nature of the
distributions will be made after the end of the Fund’s fiscal year
when the Fund can determine its earnings and profits. The final tax
status of the distributions may differ substantially and will be
made available to shareholders after the close of each calendar
year. The proportion of distributions that are treated as taxable
distributions may also vary and or increase in future years. The
Fund invests in master limited partnerships (“MLPs”), which are
generally treated as partnerships for federal income tax purposes.
Distributions from MLPs are estimated as income and return of
capital based on information reported by the MLPs and management’s
estimates of such amounts based on historical information. These
estimates are adjusted when the actual source of distributions is
disclosed by the MLPs and the actual amounts may differ from the
estimated amounts. In setting the Fund’s distribution policy, PSG
and the Fund’s Board consider a number of factors, including both
expected income and distributions received by the Fund and our
expectations regarding potential capital appreciation. From time to
time the Fund may be over- or under- distributed when taking into
account actual income, distributions and net unrealized gains or
losses since actual capital appreciation is variable over time.
However, our goal is to have a distribution rate that is stable
over the long term.
Quasar Distributors, LLC provides filing
administration for Brookfield Real Assets Income Fund
Inc.
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