Brookfield Real Assets Income Fund Inc. Declares Q4 Distributions
NEW YORK, Sept. 30, 2024 — Brookfield Real Assets Income Fund Inc. (NYSE: RA) has officially announced its distribution plans for the upcoming months of October, November, and December. This declaration comes from the Fund’s Board of Directors, reflecting the company's ongoing commitment to delivering value to its shareholders amidst fluctuating market conditions.
Details of the Distribution Declaration
The Fund has set specific dates for its monthly distributions. Understanding these dates is crucial for shareholders to ensure they benefit from these distributions. Below are the pertinent details:
Distribution Schedule
For the fourth quarter, here are the distribution amounts and relevant dates:
- October 2024: Amount per share is $0.1180, with a record date of October 11, 2024, an ex-dividend date on the same day, and payable on October 25, 2024.
- November 2024: The amount remains the same at $0.1180, with a record date set for November 12, 2024, an ex-dividend date on the same day, and payable on November 27, 2024.
- December 2024: Again, the amount is $0.1180, with a record date of December 10, 2024, an ex-dividend date also on that day, and payable by December 26, 2024.
It is important to note that shares purchased on or after these ex-dividend dates will not qualify for the respective distributions.
Understanding Distribution Composition
The distributions that shareholders receive may comprise several components, including net investment income, capital gains, and possibly a return of capital. It is important for investors to recognize that any portion classified as a return of capital may not be a direct reflection of the Fund’s investment performance. Investors should be careful not to confuse this with regular yield or income generated from investments.
Tax Implications for Shareholders
Tax treatment of the distributions will be finalized at the end of the taxable year, with estimates suggesting that a portion will be considered a return of capital. The final determination will be communicated to shareholders through Form 1099-DIV early in the following year. It is advisable for shareholders to consult their financial advisors to fully understand the implications of these distributions on their individual tax situations.
Management and Oversight
Brookfield Real Assets Income Fund Inc. is effectively managed by Brookfield Public Securities Group LLC, ensuring that the Fund is positioned to adapt to changing market conditions while striving to deliver value to investors. Moreover, the Fund utilizes its website as a valuable resource for shareholders to access essential financial information and updates regarding performance.
Contact Information for Inquiries
For any inquiries, investors may reach out to the following:
- Communications & Media:
Rachel Wood
Tel: (212) 613-3490
Email: rachel.wood@brookfield.com - Investor Relations:
Brookfield Real Assets Income Fund
Tel: (855) 777-8001
Email: info@brookfieldoaktree.com
Frequently Asked Questions
1. What is the distribution amount for Q4 2024?
The distribution amount is set at $0.1180 per share for October, November, and December 2024.
2. What are the important dates for these distributions?
Key dates include record date, ex-dividend date, and payable date which are outlined in the distribution schedule.
3. How does a return of capital affect my investment?
A return of capital may not reflect real investment performance and should not be seen as regular income.
4. How can I confirm the tax status of my distributions?
The tax status will be provided via Form 1099-DIV early in the next year after the distributions.
5. Who manages the Brookfield Real Assets Income Fund?
The Fund is managed by Brookfield Public Securities Group LLC, ensuring adept oversight and management.
