Center Coast Brookfield MLP & Energy Infrastructure Fund Monthly Distribution Declaration
January 04 2019 - 4:13PM
Center Coast Brookfield MLP & Energy Infrastructure Fund (NYSE:
CEN) (the “Fund”) today announced that its Board of Trustees
declared its monthly distributions for January, February and March
2019.
Month |
Record Date |
Ex Date |
Payable Date |
Amount per Share |
January 2019 |
January 16,
2019 |
January 15,
2019 |
January 24,
2019 |
$0.1042 |
February 2019 |
February 13, 2019 |
February 12, 2019 |
February 21, 2019 |
$0.1042 |
March 2019 |
March 13, 2019 |
March 12, 2019 |
March 21, 2019 |
$0.1042 |
Based on current estimates, it is anticipated
that a portion of the distributions paid in calendar 2019 will be
treated for U.S. federal income tax purposes as a return of
capital. The final determination of the tax status of those 2019
distributions will be made in early 2020 and provided to
shareholders on Form 1099-DIV.
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. 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 Public Securities LLC (the “Firm”) is
an SEC-registered investment adviser and represents the Public
Securities platform of Brookfield Asset Management, Inc., providing
global listed real assets strategies including real estate
equities, infrastructure equities, multi-strategy real asset
solutions and real asset debt. With approximately $18 billion of
assets under management as of November 30, 2018, the Firm manages
separate accounts, registered funds and opportunistic strategies
for institutional and individual clients, including financial
institutions, public and private pension plans, insurance
companies, endowments and foundations, sovereign wealth funds and
high net worth investors. The Firm is a wholly-owned subsidiary of
Brookfield Asset Management, Inc., a leading global alternative
asset manager with approximately $330 billion of assets under
management as of September 30, 2018. For more information, go to
www.brookfield.com.
Center Coast Brookfield MLP & Energy
Infrastructure Fund is managed by Brookfield Public Securities 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 CONTACTCenter Coast
Brookfield MLP & Energy Infrastructure Fund
Brookfield Place250 Vesey Street, 15th FloorNew
York, NY 10281-1023(855)
777-8001publicsecurities.enquiries@brookfield.com
RisksThe Fund’s investments are
concentrated in the energy infrastructure industry with an emphasis
on securities issued by master limited partnerships (“MLPs”), which
may increase price fluctuation. The value of commodity-linked
investments such as the MLPs and energy infrastructure companies
(including midstream MLPs and energy infrastructure companies) in
which the Fund invests are subject to risks specific to the
industry they serve, such as fluctuations in commodity prices,
reduced volumes of available natural gas or other energy
commodities, slowdowns in new construction and acquisitions, a
sustained reduced demand for crude oil, natural gas and refined
petroleum products, depletion of the natural gas reserves or other
commodities, changes in the macroeconomic or regulatory
environment, environmental hazards, rising interest rates and
threats of attack by terrorists on energy assets, each of which
could affect the Fund’s profitability.
MLPs are subject to significant regulation and
may be adversely affected by changes in the regulatory environment
including the risk that an MLP could lose its tax status as a
partnership. If an MLP was obligated to pay federal income tax on
its income at the corporate tax rate, the amount of cash available
for distribution would be reduced and such distributions received
by the Fund would be taxed under federal income tax laws applicable
to corporate dividends received (as dividend income, return of
capital, or capital gain).
In addition, investing in MLPs involves
additional risks as compared to the risks of investing in common
stock, including risks related to cash flow, dilution and voting
rights. Such companies may trade less frequently than larger
companies due to their smaller capitalizations which may result in
erratic price movement or difficulty in buying or selling.
The Fund is a non-diversified, closed-end
management investment company. As a result, the Fund’s returns may
fluctuate to a greater extent than those of a diversified
investment company. Shares of closed-end management investment
companies, such as the Fund, frequently trade at a discount to
their net asset value, which may increase investors’ risk of loss.
The Fund is not a complete investment program and you may lose
money investing in the Fund.
Because of the Fund’s concentration in MLP
investments, the Fund is not eligible to be treated as a “regulated
investment company” under the Internal Revenue Code of 1986, as
amended. Instead, the Fund will be treated as a regular
corporation, or “C” corporation, for U.S. federal income tax
purposes and, as a result, unlike most investment companies, will
be subject to corporate income tax to the extent the Fund
recognizes taxable income.
An investment in MLP units involves risks that
differ from a similar investment in equity securities, such as
common stock, of a corporation. Holders of MLP units have the
rights typically afforded to limited partners in a limited
partnership. As compared to common shareholders of a corporation,
holders of MLP units have more limited control and limited rights
to vote on matters affecting the partnership. There are certain tax
risks associated with an investment in MLP units. Additionally,
conflicts of interest may exist between common unit holders,
subordinated unit holders and the general partner of an MLP.
The Fund currently seeks to enhance
the level of its current distributions by utilizing financial
leverage through borrowing, including loans from financial
institutions, or the issuance of commercial paper or other forms of
debt, through the issuance of senior securities such as preferred
shares, through reverse repurchase agreements, dollar rolls or
similar transactions or through a combination of the foregoing.
Financial leverage is a speculative technique and investors should
note that there are special risks and costs associated with
financial leverage.
Past performance is no guarantee of future
results.
Foreside Fund Services, LLC; distributor and
sub-placement agent.
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