Brookfield Real Assets Income Fund Inc. (NYSE:RA – Get Rating) announced a monthly dividend on Tuesday, April 5th, Wall Street Journal reports. Investors of record on Wednesday, May 11th will be given a dividend of 0.199 per share on Wednesday, May 25th. This represents a $2.39 annualized dividend and a dividend yield of 11.37%. The ex-dividend date of this dividend is Tuesday, May 10th.
NYSE RA opened at $21.00 on Friday. Brookfield Real Assets Income Fund has a twelve month low of $19.21 and a twelve month high of $22.70. The business’s fifty day moving average is $20.76 and its 200 day moving average is $21.08.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RA. Morgan Stanley boosted its holdings in shares of Brookfield Real Assets Income Fund by 69.7% during the 2nd quarter. Morgan Stanley now owns 1,429,638 shares of the company’s stock valued at $31,310,000 after acquiring an additional 586,991 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in Brookfield Real Assets Income Fund during the 4th quarter worth about $3,089,000. NewEdge Advisors LLC acquired a new position in Brookfield Real Assets Income Fund during the 4th quarter worth about $1,065,000. Invesco Ltd. lifted its holdings in Brookfield Real Assets Income Fund by 11.6% during the 4th quarter. Invesco Ltd. now owns 383,679 shares of the company’s stock worth $8,099,000 after buying an additional 39,744 shares during the period. Finally, Millennium Management LLC acquired a new position in Brookfield Real Assets Income Fund during the 2nd quarter worth about $293,000.
Brookfield Real Assets Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Brookfield Investment Management Inc The fund is co-managed by Schroder Investment Management North America Inc It invests in fixed income markets of the United States. The fund primarily invests in securities and other instruments of companies, which includes real estate securities, infrastructure securities, and natural resources securities.
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