Brookfield Global Listed Infrastructure Income Fund Inc. and Brookfield Real Assets Income Fund Inc. Distribution Declaration...
January 03 2020 - 4:40PM
Brookfield Global Listed Infrastructure Income Fund Inc. (NYSE:
INF) and Brookfield Real Assets Income Fund Inc. (NYSE: RA) (each,
a “Fund,” and collectively, the “Funds”) today announced that their
Boards of Directors declared their monthly distributions for
January, February and March 2020, subject to the approval of the
proposed reorganization (the “Reorganization”) of Brookfield Global
Listed Infrastructure Income Fund Inc. into Brookfield Real Assets
Income Fund Inc. (the “Combined Fund”) at the joint special meeting
of stockholders of the Funds to be held on January 24, 2020 at 8:30
a.m., Eastern Time, for the purpose of taking various actions in
connection with the proposed Reorganization. The Combined Fund
intends to make its first distribution to stockholders in the month
immediately following the Reorganization so there is no gap in
distribution payments. In addition, the Combined Fund expects to
follow the same frequency of payments as each Fund and make monthly
distributions to stockholders.
Brookfield Global Listed Infrastructure
Income Fund Inc.
Month |
Record Date |
Ex Date |
Payable Date |
Amount per Share |
January 2020 |
January 15, 2020 |
January 14, 2020 |
January 23, 2020 |
$0.0817 |
February 2020 |
February 12, 2020 |
February 11, 2020 |
February 20, 2020 |
$0.0817 |
March 2020 |
March 18, 2020 |
March 17, 2020 |
March 26, 2020 |
$0.0817 |
Brookfield Real Assets Income Fund
Inc.
Month |
Record Date |
Ex Date |
Payable Date |
Amount per Share |
January 2020 |
January 15, 2020 |
January 14, 2020 |
January 23, 2020 |
$0.1990 |
February 2020 |
February 12, 2020 |
February 11, 2020 |
February 20, 2020 |
$0.1990 |
March 2020 |
March 18, 2020 |
March 17, 2020 |
March 26, 2020 |
$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 a 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.*
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 more
than $19 billion of assets under management as of November 30,
2019, 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 over $500 billion of
assets under management as of September 30, 2019. For more
information, go to www.brookfield.com.
Brookfield Global Listed Infrastructure Income
Fund Inc. and Brookfield Real Assets Income Fund Inc. are managed
by Brookfield Public Securities Group LLC. The Funds use their
website as a channel of distribution of material company
information. Financial and other material information regarding the
Funds are routinely posted on and accessible at
www.brookfield.com.
COMPANY CONTACTBrookfield
Global Listed Infrastructure Income Fund Inc.Brookfield 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. Each 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, 2019, 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 (i) $0.7763 (86.38%) per share
for Brookfield Global Listed Infrastructure Income Fund Inc.; and
(ii) $1.0678 (48.78%) per share for Brookfield Real Assets Income
Fund Inc. These amounts are an estimate and the actual amounts 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 a 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
Funds invest 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 each Fund’s distribution policy, we
and the Fund’s Board considers 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 a 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, the goal is to have a distribution rate that is stable
over the long term.
Quasar Distributors, LLC, provides filing
administration for Brookfield Global Listed Infrastructure Income
Fund Inc. and Brookfield Real Assets Income Fund Inc.
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