Brookfield Real Assets Income Fund Inc. announces an Equity Buyback for 10% of its issued share capital.
December 05, 2016 at 10:30 am IST
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Brookfield Real Assets Income Fund Inc. announces a share repurchase program. Under the program, the company will repurchase up to 10% of its outstanding shares. Repurchases will be made in the open market transactions. The Board authorized the share repurchase program as a result of its review of the options available to enhance shareholder value and reduce any potential discount between the market price of the Fund's shares and the net asset value per share. The Fund's Board of Directors has delegated to the Adviser, the discretion to determine the amount and timing of repurchases of shares of the Fund in accordance with the best interests of the Fund, and subject to applicable legal limitations. The repurchase program will commence on December 5, 2016 and will expire on December 5, 2017.
Brookfield Real Assets Income Fund Inc. (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek high total return, primarily through high current income and secondarily, through growth of capital. The Fund seeks to achieve its investment objective by investing primarily in the real asset class, which includes real estate securities; infrastructure securities; and natural resources securities (real asset companies and issuers). Under normal market conditions, the Fund will invest at least 80% of its managed assets in the securities and other instruments of real asset companies and issuers. The Fund may invest at least 65% of its Managed Assets in fixed income securities of real asset companies and issuers and in derivatives and other instruments. Its investment advisor is Brookfield Public Securities Group LLC.
BROOKFIELD REAL ASSETS INCOME FUND INC. 
