Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Monthly Distributions
January 03 2020 - 4:39PM
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
2020.
Month |
Record Date |
Ex Date |
Payable Date |
Amount per Share |
January 2020 |
January 15, 2020 |
January 14, 2020 |
January 23, 2020 |
$0.1042 |
February 2020 |
February 12, 2020 |
February 11, 2020 |
February 20, 2020 |
$0.1042 |
March 2020 |
March 18, 2020 |
March 17, 2020 |
March 26, 2020 |
$0.1042 |
Based on current estimates, it is anticipated
that a portion of the distributions paid in calendar 2020 will be
treated for U.S. federal income tax purposes as a return of
capital. The final determination of the tax status of those 2020
distributions will be made in early 2021 and provided to
shareholders on Form 1099-DIV.
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 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 November 30,
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.
Center Coast Brookfield MLP & Energy
Infrastructure Fund 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 CONTACTCenter Coast
Brookfield MLP & Energy Infrastructure Fund
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.
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.
Foreside Fund Services, LLC; distributor.
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