Brookfield Select Opportunities Income Fund Announces Exercise of Over-Allotment Option
June 10 2014 - 9:10AM
Marketwired Canada
Brookfield Investment Management (Canada) Inc. (the "Manager") is pleased to
announce that Brookfield Select Opportunities Income Fund (TSX:BSO.UN) (the
"Fund") has issued an additional 450,000 units of the Fund (the "Units")
pursuant to an exercise of the over-allotment option by the syndicate of agents.
In total, the Fund has issued 19,200,000 Units pursuant to its initial public
offering, yielding gross proceeds of $192,000,000. The Units are listed on the
Toronto Stock Exchange under the symbol BSO.UN.
The Fund has been created to invest in a portfolio (the "Portfolio") of fixed
income and equity securities on a global basis. The Fund focuses on, but is not
limited to, investments in high yield corporate debt and publicly-listed equity
securities of infrastructure and real estate companies. The Portfolio is
actively managed by the Manager.
The Fund's investment objectives are to:
(i) provide holders of the Units (the "Unitholders") with quarterly cash
distributions;
(ii) maximize total return for Unitholders through distributions and capital
appreciation; and
(iii) preserve capital.
The quarterly cash distributions are initially targeted to be 6.0% per annum on
the subscription price of $10.00 per Unit ($0.15 per Unit per quarter or $0.60
per Unit per annum).
The Manager is a wholly-owned subsidiary of Brookfield Asset Management Inc., a
Canadian based, global alternative asset manager with US$190 billion in assets
under management as of March 31, 2014 that has over a 100-year history of owning
and operating assets with a focus on property, renewable energy, infrastructure
and private equity.
The syndicate of agents for this offering was led by RBC Capital Markets and
CIBC, and included Scotiabank, TD Securities Inc., BMO Capital Markets, National
Bank Financial Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James
Ltd., Brookfield Financial Corp., Desjardins Securities Inc., Haywood Securities
Inc. and Manulife Securities Incorporated.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brookfield Select Opportunities Income Fund
Ms. Alice Olive
(855) 777-8001
funds@brookfield.com
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