Brookfield Public Securities Group LLC Announces Closing of the Reorganization of Brookfield Global Listed Infrastructure Inc...
09 Marzo 2020 - 6:50AM
Brookfield Public Securities Group LLC (“Brookfield”) announced
today that the reorganization of Brookfield Global Listed
Infrastructure Income Fund Inc. (NYSE: INF) into Brookfield Real
Assets Income Fund Inc. (NYSE: RA) (the “Reorganization”) was
completed prior to the open of the New York Stock Exchange on March
9, 2020.
In the Reorganization, RA acquired all of the
assets and liabilities of INF in a tax-free transaction in exchange
solely for newly issued RA common shares, which were distributed by
INF to its stockholders in the form of a liquidating
distribution. RA common shares issued to INF stockholders
have an aggregate net asset value equal to the aggregate net asset
value of INF’s common shares outstanding as of the close of trading
on March 6, 2020. Each stockholder of INF received the number
of RA common shares corresponding to his or her proportionate
interest in the common shares of INF, less the costs of the
Reorganization. Fractional common shares of RA were not
issued and consequently cash will be distributed for any such
fractional amounts.
Relevant details pertaining to the
Reorganization are as follows:
Fund Name |
Ticker |
NAV/Share |
Conversion Ratio |
Brookfield Global Listed Infrastructure Income Fund Inc. |
INF |
$13.9484 |
0.62488632 |
Brookfield Real Assets Income Fund Inc. |
RA |
$22.3215 |
N/A |
This press release is not intended to, and shall
not, constitute an offer to purchase or sell shares of RA, the
surviving fund in the Reorganization. Detailed information on
the Reorganization is contained in the Joint Proxy
Statement/Prospectus previously filed with the SEC, including
important information regarding the investment objectives, risks,
charges and expenses of RA.
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 Brookfield Public Securities
Group LLC and the Fund managed by Brookfield Public Securities
Group LLC 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. Brookfield
Public Securities Group LLC and the Fund managed by Brookfield
Public Securities Group LLC undertake no responsibility to update
publicly or revise any forward-looking statements.
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 December 31,
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 $540
billion of assets under management as of December 31, 2019.
For more information, go to www.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 company
information. Financial and other material information
regarding the Fund is routinely posted on and accessible at
www.brookfield.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.
Quasar Distributors, LLC, provides filing
administration for Brookfield Real Assets Income Fund Inc.
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