Brookfield Real Assets Income Fund Inc. Announces Adjournment and Rescheduling of December 10, 2020 Special Meeting of Stockh...
December 10 2020 - 6:15PM
Brookfield Public Securities Group LLC (“Brookfield”) announced
that, at the Special Meeting of Stockholders (the “Special
Meeting”) held earlier today, stockholders of Brookfield Real
Assets Income Fund Inc. (NYSE: RA) (the “Fund”) approved the
proposal to ratify the selection of Deloitte & Touche LLP as
the Fund’s independent registered public accounting firm for the
fiscal year ending December 31, 2020. In addition, Brookfield
announced that the Special Meeting was adjourned with respect to
the proposal to approve a new sub-advisory agreement (the "New
Sub-Advisory Agreement") among Brookfield, Oaktree Capital
Management, L.P. and the Fund until 8:30 a.m., Eastern Time, on
Friday, December 18, 2020. The Special Meeting has been adjourned
to allow for further solicitation of stockholders to meet the
requirement that the New Sub-Advisory Agreement is approved by the
affirmative vote of a “majority of the outstanding voting
securities” of the Fund.1 As of the Special Meeting
date, the Fund needs approximately an additional 3.2% of its
outstanding shares to vote in favor of the proposal in order to
approve the New Sub-Advisory Agreement. Additionally,
in light of public health concerns regarding the COVID-19 pandemic,
the rescheduled Special Meeting will be held in a virtual meeting
format only.
As noted in the proxy materials previously
distributed for the Special Meeting, the Board of Directors of the
Fund had fixed the close of business on November 2, 2020 as the
record date for the determination of stockholders of the Fund
entitled to notice of, and to vote at, the Special Meeting or any
postponement or adjournment thereof. To attend the
rescheduled Special Meeting virtually, stockholders must email the
Fund’s proxy solicitor, American Stock Transfer & Trust
Company, LLC (“AST”), at proxy@astfinancial.com and provide their
full name, address and control number located on the proxy card
previously received. AST will then email the
stockholder meeting credentials and instructions for voting during
the Special Meeting.
If you held Fund shares through an intermediary
(such as a broker-dealer) as of November 2, 2020, in order to
participate in and vote at the Special Meeting, you must first
obtain a legal proxy from your intermediary reflecting the Fund’s
name, the number of Fund shares you held, and your name and email
address. You may forward an email from your
intermediary containing the legal proxy or an image of the legal
proxy to AST at proxy@astfinancial.com and write “Legal Proxy” in
the subject line. Requests for registration must be
received by AST no later than 5:00 p.m. Eastern Time on December
17, 2020. You will then receive confirmation of your
registration and a control number by email from AST.
AST will also email your stockholder meeting credentials and
instructions for voting during the Special Meeting.
Stockholders are not required to attend the
Special Meeting to vote their shares. Whether or not
stockholders plan to attend the Special Meeting, the Fund urges
stockholders to authorize a proxy to vote the stockholder’s shares
in advance of the Special Meeting by one of the methods described
in the proxy materials for the Special Meeting. In
connection with the Special Meeting, the Fund has filed a
definitive proxy statement with the Securities and Exchange
Commission (“SEC”). Stockholders are advised to read the Fund’s
proxy statement because it contains important information. This
communication is not a solicitation of a proxy from any Fund
stockholder. The Fund and its directors and officers, and
Brookfield, and its shareholders, officers and employees and other
persons may be deemed under the rules of the SEC to be participants
in the solicitation of proxies from stockholders in connection with
the proposals to be voted on at the Special Meeting.
Information about Brookfield, and directors and officers of the
Fund may be found in the Fund’s annual and semi-annual reports, and
its annual shareholder meeting proxy statements previously filed
with the SEC.
___________________________
1 Under the Investment Company Act of 1940, as
amended, the vote of a "majority of the outstanding voting
securities" of the Fund means the vote of the lesser of: (a) 67% or
more of the voting securities present at the Special Meeting, if
the holders of more than 50% of the outstanding voting securities
of the Fund are present or represented by proxy; or (b) more than
50% of the outstanding voting securities of the Fund.
About Brookfield Public Securities Group
LLCBrookfield 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 $15 billion of assets under management
as of September 30, 2020, 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 $575 billion of assets under
management as of September 30, 2020. For more
information, go to https://publicsecurities.brookfield.com/.
Brookfield Real Assets Income Fund Inc. is
managed by Brookfield Public Securities Group LLC. 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/.
Forward-Looking Statements
Certain statements made in this news release that are not
historical facts are referred to as "forward-looking statements"
under the U.S. federal securities laws. Actual future results or
occurrences may differ significantly from those anticipated in any
forward-looking statements due to numerous factors.
Generally, the words "believe," "expect," "intend," "estimate,"
"anticipate," "project," "will" and similar expressions identify
forward-looking statements, which generally are not historical in
nature. Forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ from the historical experience of PSG, and the Fund managed
by PSG, and its present expectations or projections.
You should not place undue reliance on forward-looking statements,
which speak only as of the date they are made. PSG and
the Fund managed by PSG undertake no responsibility to update
publicly or revise any forward-looking statements.
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.
Quasar Distributors, LLC, provides filing
administration for Brookfield Real Assets Income Fund Inc.
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