Brookfield Public Securities Group LLC Announces Approval of the Proposal to issue additional shares of common stock by RA an...
January 24 2020 - 2:40PM
Brookfield Public Securities Group LLC (“Brookfield”) announced
that, at the Joint Special Meeting of Stockholders (the “Special
Meeting”) held earlier today, stockholders of Brookfield Real
Assets Income Fund Inc. (NYSE: RA) approved the proposal to issue
additional shares of common stock to effect the proposed
reorganization of Brookfield Global Listed Infrastructure Income
Fund Inc. (NYSE: INF) into RA, and that the Special Meeting was
adjourned with respect to the proposal to reorganize INF into RA
(the “Reorganization”) until 8:30 a.m., Eastern Time, on Friday,
February 7, 2020. As of the Special Meeting date,
approximately 96% of stockholders voting for INF had voted in favor
of the Reorganization. However, the Special Meeting has been
adjourned to allow for further solicitation of INF stockholders to
meet the requirement that the affirmative vote of stockholders
entitled to cast a majority of all the votes entitled to be cast on
the proposal vote in favor of the Reorganization. As of the
Special Meeting date, INF needs an additional 3.2% of its
outstanding shares to vote in favor of the Reorganization in order
to approve the proposal.
During the period of the adjournment, Brookfield
will continue to solicit proxies from stockholders of INF with
respect to the Reorganization proposal set forth in the Joint Proxy
Statement/Prospectus. If a stockholder has previously
submitted its proxy card and does not wish to change its vote, no
further action is required by such stockholder.
Stockholders of INF are strongly encouraged to
vote. Stockholders of record as of November 8, 2019 may vote
by visiting the Internet at
www.proxyonline.com/docs/brookfieldfunds2020.pdf, calling toll-free
1-866-387-9392 or by returning proxy cards.
If you have any questions regarding the
proposals, or require duplicative proxy materials, please contact
AST Fund Solutions, LLC at 1-866-387-9392. You may find
additional information at www.sec.gov or by visiting
https://publicsecurities.brookfield.com/en.
Additional Information about the
Proposed Reorganization and Where to Find It This press
release is not intended to, and shall not, constitute an offer to
purchase or sell shares of any of the Funds, including Brookfield
Global Listed Infrastructure Income Fund Inc. or Brookfield Real
Assets Income Fund Inc.; nor is this press release intended to
solicit a proxy from any stockholder of either Fund. Please
refer to the final, effective Registration Statement, which
includes a definitive Joint Proxy Statement/Prospectus, for
information concerning the Reorganization and accompanying
proposals.
The Funds and their respective directors,
officers and employees, and Brookfield Public Securities Group LLC,
and its shareholders, officers and employees and other persons may
be deemed to be participants in the solicitation of proxies with
respect to the proposed Reorganization. Investors and
stockholders may obtain more detailed information regarding the
direct and indirect interests of the Funds' respective directors,
officers and employees, and Brookfield Public Securities Group LLC
and its shareholders, officers and employees and other persons by
reading the Joint Proxy Statement/Prospectus regarding the proposed
Reorganization.
INVESTORS AND SECURITY HOLDERS OF THE FUNDS ARE
URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND OTHER
DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY BECAUSE
THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED
REORGANIZATION. INVESTORS SHOULD CONSIDER THE INVESTMENT
OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUNDS
CAREFULLY. THE JOINT PROXY STATEMENT/PROSPECTUS CONTAINS
INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS,
CHARGES AND EXPENSES OF THE FUNDS AND OTHER IMPORTANT INFORMATION
ABOUT THE FUNDS. The Joint Proxy Statement/Prospectus
constitutes neither an offer to sell securities, nor constitutes a
solicitation of an offer to buy securities, in any state where such
offer or sale is not permitted.
Investors may obtain free copies of the
Registration Statement and Joint Proxy Statement/Prospectus and
other documents filed with the SEC at the SEC's web site at
www.sec.gov. In addition, free copies of the Joint Proxy
Statement/Prospectus and other documents filed with the SEC may
also be obtained after the Registration Statement becomes effective
by directing a request to Brookfield Public Securities Group LLC at
(855) 777-8001. In addition, subsequent communications with
respect to the Reorganization will be made via public press release
such as this one and/or posted on www.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 Brookfield Public Securities
Group LLC and the Funds 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 Funds 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 $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 websites 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.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.
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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