Brookfield Public Securities Group LLC Announces Closing of the Reorganization of Center Coast Brookfield MLP & Energy Infrastructure Fund into Center Coast Brookfield Midstream Focus Fund
October 09 2023 - 8:44AM
Brookfield Public Securities Group LLC (“Brookfield”) announced
today that the reorganization of Center Coast Brookfield MLP &
Energy Infrastructure Fund (NYSE: CEN) into Center Coast Brookfield
Midstream Focus Fund (the “Focus Fund”) (the “Reorganization”) was
completed prior to the open of the New York Stock Exchange on
October 9, 2023.
In the Reorganization, the Focus Fund acquired
all of the assets and liabilities of CEN in a tax-free transaction
in exchange solely for Class I (CCCNX) shares. CCCNX shares issued
to CEN stockholders have an aggregate net asset value equal to the
aggregate net asset value of CEN’s common shares outstanding as of
the close of trading on October 6, 2023. Each stockholder of CEN
received the number of CCCNX shares corresponding to his or her
proportionate interest in the common shares of CEN, less the costs
of the Reorganization.
Relevant details pertaining to the
Reorganization are as follows:
Fund Name |
Ticker |
NAV/Share |
Conversion Ratio |
Center Coast Brookfield MLP & Energy Infrastructure Fund |
CEN |
$20.8768 |
4.38542170 |
Center Coast Brookfield Midstream Focus Fund |
CCCNX |
$4.7605 |
N/A |
This press release is not intended to, and shall
not, constitute an offer to purchase or sell shares of CCCNX, the
surviving fund in the Reorganization. Detailed information on the
Reorganization is contained in the Joint Proxy Statement/Prospectus
previously filed with the SEC, including important information
regarding the investment objectives, risks, charges and expenses of
CCCNX.
Investing involves risk; principal loss
is possible. Past performance is not a guarantee of future
results.
Quasar Distributors, LLC is the distributor of
Brookfield Investment Funds (U.S. Mutual Funds) and Brookfield
Public Securities Group LLC is the Investment Adviser. Brookfield
Investment Funds are offered and sold only to persons residing in
the United States and are offered by prospectus (A, C and I Share
Classes) only.
Foreside Fund Services, LLC, distributor and
sub-placement agent for Center Coast Brookfield MLP & Energy
Infrastructure Fund.
About Center Coast Brookfield Midstream
Focus FundCenter Coast Brookfield Midstream Focus Fund is
a non-diversified open-end management investment company under the
1940 Act. The Focus Fund’s investment objective is to seek maximum
total return with an emphasis on providing cash distributions to
shareholders. The "total return" sought by the Focus Fund includes
appreciation in the net asset value of the Focus Fund’s common
shares and all distributions made by the Focus Fund to its common
shareholders, regardless of the tax characterization of such
distributions, including distributions characterized as return of
capital. The Focus Fund seeks to achieve its investment objective
by investing primarily in a portfolio of MLPs and energy
infrastructure companies. There is no assurance that the Focus
Fund’s investment objective will be achieved. The Focus Fund uses
its website as a channel of distribution of material information
about the Focus Fund. Financial and other material information
regarding the Focus Fund is routinely posted on and accessible at
https://publicsecurities.brookfield.com/.
Contact information:
Communications & Media: |
Investor Relations: |
Rachel Wood |
Center Coast Brookfield Midstream Focus Fund |
Tel: (212) 613-3490 |
Tel: (855) 777-8001 |
Email: rachel.wood@brookfield.com |
Email: publicsecurities.enquiries@brookfield.com |
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