Brookfield Funds' Monthly and Special Distribution Declarations
NEW YORK, NEW YORK--(Marketwired - Dec 5, 2014) - Brookfield Global Listed Infrastructure Income Fund Inc. (INF), Brookfield High Income Fund Inc. (HHY), Brookfield Mortgage Opportunity Income Fund Inc. (BOI) and Brookfield Total Return Fund Inc. (HTR) (each, a "Fund," and collectively, the "Funds") today announced that their Boards of Directors declared their monthly distributions.
Brookfield Global Listed Infrastructure Income Fund Inc. declared a monthly distribution of $0.1167 per share, payable on December 29, 2014 to stockholders of record on December 18, 2014. The ex-distribution date is December 16, 2014. Based on the NYSE closing price of $22.71 on December 4, 2014, the Fund's annualized distribution yield was 6.17%. Brookfield Global Listed Infrastructure Income Fund Inc. also declared a special distribution of $0.6589 per share, payable on December 29, 2014, to stockholders of record on December 18, 2014. The ex-distribution date is December 16, 2014. Both the monthly and special distributions are expected to be characterized as long-term capital gains.
Brookfield High Income Fund Inc. declared a monthly distribution of $0.075 per share, payable on December 29, 2014, to stockholders of record on December 18, 2014. The ex-distribution date is December 16, 2014. Based on the NYSE closing price of $9.16 on December 4, 2014, the Fund's annualized distribution yield was 9.83%. Brookfield High Income Fund Inc. also declared a special distribution of $0.034 per share, payable on December 29, 2014, to stockholders of record on December 18, 2014. The ex-distribution date is December 16, 2014.
Brookfield Mortgage Opportunity Income Fund Inc. declared a monthly distribution of $0.1271 per share, payable on December 29, 2014 to stockholders of record on December 18, 2014. The ex-distribution date is December 16, 2014. Based on the NYSE closing price of $16.61 on December 4, 2014, the Fund's annualized distribution yield was 9.18%.
Brookfield Total Return Fund Inc. declared a monthly distribution of $0.19 per share, payable on December 29, 2014 to stockholders of record on December 18, 2014. The ex-distribution date is December 16, 2014. Based on the NYSE closing price of $25.09 on December 4, 2014, the Fund's annualized distribution yield was 9.09%.
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. The distribution yield referenced above is calculated as the annualized amount of the most recent monthly distribution declared divided by the stated stock price. 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.
Brookfield Asset Management Inc. is a global alternative asset manager with approximately $200 billion in assets under management as of September 30, 2014. Brookfield has over a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity. The company offers a range of public and private investment products and services, which leverage its expertise and experience and provide it with a competitive advantage in the markets where it operates. On behalf of its clients, Brookfield is also an active investor in the public securities markets, where its experience extends over 30 years. Over this time, the company has successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds and various commingled vehicles.
Brookfield's public market activities are conducted by Brookfield Investment Management, a registered investment advisor. These activities complement Brookfield's core competencies and include global listed real estate and infrastructure equities, corporate credit and securitized credit strategies. Headquartered in New York, NY, Brookfield Investment Management also maintains offices and investment teams in Toronto, Chicago, Boston and has over $17 billion of assets under management as of September 30, 2014. Brookfield Global Listed Infrastructure Income Fund Inc., Brookfield High Income Fund Inc., Brookfield Mortgage Opportunity Income Fund Inc. and Brookfield Total Return Fund Inc. are managed by Brookfield Investment Management.
The Funds use their web site as a channel of distribution of material company information. Financial and other material information regarding the Funds is routinely posted on and accessible at www.brookfieldim.com.
