NEW YORK, NEW YORK -- (Marketwired) -- 03/03/17 -- Brookfield Global Listed Infrastructure Income Fund Inc. (NYSE: INF) (the "Fund") today announced that its Board of Directors declared the Fund's monthly distribution. The Board of Directors, upon the recommendation of the Fund's adviser and its portfolio management team, decreased the monthly distribution of the Fund. The change in the distribution for the Fund takes into account many factors, including but not limited to, the Fund's current and expected earnings, the overall market environment and Brookfield's current economic and market outlook.
Brookfield Global Listed Infrastructure Income Fund Inc. declared a decrease to its monthly distribution from $0.1167 per share to $0.0817 per share, payable on March 23, 2017 to stockholders of record on March 16, 2017. The ex-distribution date is March 14, 2017. Based on the NYSE closing price of $13.82 on March 2, 2017, the Fund's annualized distribution rate was approximately 7%.
Brookfield Investment Management Inc. will host a webcast for the Fund on Thursday, March 23, 2017 at 4:30pm ET. Brookfield will provide an update on general market conditions, the Fund's positioning and monthly distribution rate, and Brookfield's view on the market opportunity in the listed infrastructure sector.
There will be an opportunity to ask questions about the Fund during the call. Questions may also be submitted ahead of the call by sending an e-mail to funds@brookfield.com.
Access to webcast: http://services.choruscall.ca/links/brookfieldim20170323.html
(Note - Link will not be live until day of webcast.)
A replay will be available via this link shortly following the webcast until April 23, 2017.
Access to audio only: 800-319-4610
A transcript of the call will also be available by calling 855-777-8001 or emailing funds@brookfield.com.
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. The distribution rate referenced above is calculated as the annualized amount of the most recent monthly distribution declared divided by the stated stock price. 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 Investment Management Inc. (the "Firm") is an SEC-registered investment adviser and represents the Public Securities platform of Brookfield Asset Management. The Firm provides global listed real assets strategies including real estate equities, infrastructure equities, real asset debt and diversified real assets. With more than $13 billion of assets under management as of December 31, 2016, 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, a leading global alternative asset manager with approximately $250 billion of assets under management as of December 31, 2016. For more information, go to www.brookfield.com.
Brookfield Global Listed Infrastructure Income Fund Inc. is managed by Brookfield Investment Management Inc. 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.
Contacts:
Brookfield Global Listed Infrastructure Income Fund Inc.
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281-1023
(855) 777-8001
funds@brookfield.com
