NEW YORK, NEW YORK -- (Marketwire) -- 06/01/12 -- Monthly Dividend Declaration
Brookfield Global Listed Infrastructure Income Fund Inc. (NYSE: INF) (the "Fund") today announced that its Board of Directors declared a monthly dividend of $0.1167 per share, payable on June 28, 2012 to shareholders of record on June 13, 2012. The ex-dividend date is June 11, 2012. Based on the NYSE closing price of $17.76 on May 31, 2012, the Fund's annualized dividend yield is 7.89%.
Shares purchased on or after the ex-dividend date will not receive the dividend discussed above. Please contact your financial advisor with any questions. Dividends may include net investment income, capital gains and/or return of capital. The dividend yield referenced above is calculated as the annualized amount of the most recent monthly dividend 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.
Use of Total Return Swaps
The Fund may use futures and options on securities, indices and currencies, forward foreign currency exchange contracts and other derivatives, including total return swaps. As of June 15, 2012, the investment advisor to the Fund, Brookfield Investment Management Inc. (the "Advisor"), may utilize total return swaps in the portfolio, from time to time, to receive the return of a reference asset, such as an individual security or an index. In a total return swap, the portfolio typically would pay a set rate or a financing cost, which is normally based on a floating rate. In exchange, the portfolio would receive the return of a particular reference asset. However, if the underlying asset declines in value over the term of the swap, the Fund will be required to pay the dollar value of that decline to the counterparty.
The use of total return swaps is a highly specialized activity which involves investment techniques and risks different from those associated with ordinary portfolio transactions. Total return swaps could result in losses if the underlying asset does not perform as anticipated by the Advisor. As a result, there is a risk that the investment performance of the portfolio would be less favorable than it would have been if total return swaps were not used.
Brookfield is a global alternative asset manager with approximately $150 billion in assets under management as of March 31, 2012. We have over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. We offer a range of public and private investment products and services, which leverage our expertise and experience and provide us with a distinct competitive advantage in the markets where we operate. On behalf of our clients, Brookfield is also an active investor in the public securities markets, where our experience extends nearly 40 years. Over this time, we have successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds, and structured product investments.
Through our SEC-registered investment advisor, Brookfield Investment Management, our public market activities complement our core competencies as a direct investor. These activities encompass global listed real estate and infrastructure equities, corporate high yield investments, opportunistic credit strategies and a dedicated insurance asset management division. Headquartered in New York, NY, Brookfield Investment Management maintains offices and investment teams in Toronto, Chicago, Boston and London. Brookfield Global Listed Infrastructure Income Fund Inc. is managed by Brookfield Investment Management Inc.
The Fund uses its web site 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.brookfieldim.com.
Brookfield Global Listed Infrastructure Income Fund Inc.
Three World Financial Center
200 Vesey Street
New York, NY 10281-1010