Closed End Fund Advisors Inc. Invests $1.46 Million in Brookfield Real Assets Income Fund Inc. $RA

Closed End Fund Advisors Inc. acquired a new position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) during the 4th quarter, Holdings Channel.com reports. The fund acquired 112,905 shares of the company’s stock, valued at approximately $1,463,000.

Several other institutional investors have also bought and sold shares of RA. Shaker Financial Services LLC boosted its stake in Brookfield Real Assets Income Fund by 260.6% in the 4th quarter. Shaker Financial Services LLC now owns 153,005 shares of the company’s stock valued at $1,983,000 after buying an additional 110,570 shares in the last quarter. Riverbridge Partners LLC boosted its stake in Brookfield Real Assets Income Fund by 72.9% in the 4th quarter. Riverbridge Partners LLC now owns 221,307 shares of the company’s stock valued at $2,868,000 after buying an additional 93,313 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Brookfield Real Assets Income Fund by 21.7% in the 3rd quarter. Penserra Capital Management LLC now owns 459,065 shares of the company’s stock valued at $6,133,000 after buying an additional 81,788 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Brookfield Real Assets Income Fund by 14.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 498,401 shares of the company’s stock valued at $6,659,000 after buying an additional 62,216 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in Brookfield Real Assets Income Fund by 203.5% in the 4th quarter. Stratos Wealth Partners LTD. now owns 66,227 shares of the company’s stock valued at $858,000 after buying an additional 44,404 shares in the last quarter.

Brookfield Real Assets Income Fund Stock Down 0.7%

Shares of RA stock opened at $12.68 on Friday. The stock’s fifty day simple moving average is $12.84 and its 200 day simple moving average is $12.98. Brookfield Real Assets Income Fund Inc. has a one year low of $12.50 and a one year high of $13.59.

Brookfield Real Assets Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.118 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a c) annualized dividend and a yield of 11.2%. Brookfield Real Assets Income Fund’s payout ratio is currently -1,390.91%.

Insider Buying and Selling

In related news, Director Heather S. Goldman sold 2,750 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $12.72, for a total value of $34,980.00. Following the sale, the director owned 22 shares of the company’s stock, valued at $279.84. The trade was a 99.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Brookfield Real Assets Income Fund

Brookfield Real Assets Income Fund Inc (NYSE:RA) is a closed-end management investment company launched in June 2020. The fund is sponsored and managed by Brookfield Asset Management, one of the world’s largest alternative asset managers. RA seeks to provide investors with high current income and long-term capital growth by acquiring a diversified portfolio of real assets and related securities.

The fund’s investment strategy focuses on real estate, infrastructure, renewable energy and private credit investments.