Brookfield Public Securities Group LLC (“PSG”) has provided an
update for Center Coast Brookfield MLP & Energy Infrastructure
Fund (NYSE: CEN) (the “Fund”).
Registration and Webcast Link:
https://event.webcasts.com/starthere.jsp?ei=1575096&tp_key=202641075b
Shareholders may submit questions about the Fund by sending an
e-mail to publicsecurities.enquiries@brookfield.com.
A transcript of the update is available by calling 855-777-8001
or by sending an e-mail request to the Fund at
publicsecurities.enquiries@brookfield.com.
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
approximately $22 billion of assets under management as of
September 30, 2022, 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 approximately $750
billion of assets under management as of June 30, 2022. For more
information, go to www.brookfield.com.
Center Coast Brookfield MLP & Energy Infrastructure Fund is
managed by PSG. The Fund uses its website as a channel of
distribution of material information about the Fund. Financial and
other material information regarding the Fund is routinely posted
on and accessible at https://publicsecurities.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 outbreak of an infectious respiratory
illness caused by a novel coronavirus known as "COVID-19" is
causing materially reduced consumer demand and economic output,
disrupting supply chains, resulting in market closures, travel
restrictions and quarantines, and adversely impacting local and
global economies. As with other serious economic disruptions,
governmental authorities and regulators are responding to this
crisis with significant fiscal and monetary policy changes,
including by providing direct capital infusions into companies,
introducing new monetary programs and considerably lowering
interest rates, which in some cases resulted in negative interest
rates. These actions, including their possible unexpected or sudden
reversal or potential ineffectiveness, could further increase
volatility in securities and other financial markets, reduce market
liquidity, heighten investor uncertainty and adversely affect the
value of the Fund’s investments and the performance of the Fund.
Markets generally and the energy sector specifically, including
master limited partnerships (“MLPs”) and energy infrastructure
companies in which the Fund invests, have also been adversely
impacted by reduced demand for oil and other energy commodities as
a result of the slowdown in economic activity resulting from the
spread of COVID-19 and by price competition among key oil-producing
countries. While some vaccines have been developed and approved for
use by various governments, the political, social, economic, market
and financial risks of COVID-19 could persist for years to come.
These developments have and may continue to adversely impact the
Fund's NAV and the market price of the Fund's common shares.
The Fund’s investments are concentrated in the energy
infrastructure industry with an emphasis on securities issued by
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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