Brookfield Real Assets Income Fund Inc. to Issue Monthly Dividend of $0.12 (NYSE:RA)

Brookfield Real Assets Income Fund Inc. (NYSE:RA) announced a monthly dividend on Friday, December 26th. Stockholders of record on Thursday, March 12th will be paid a dividend of 0.118 per share on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Thursday, March 12th.

Brookfield Real Assets Income Fund Trading Down 1.3%

Shares of NYSE:RA opened at $12.83 on Tuesday. The business’s 50 day simple moving average is $13.15 and its two-hundred day simple moving average is $13.19. Brookfield Real Assets Income Fund has a 52-week low of $11.87 and a 52-week high of $13.59.

Institutional Investors Weigh In On Brookfield Real Assets Income Fund

A number of hedge funds have recently modified their holdings of RA. Morgan Stanley increased its stake in shares of Brookfield Real Assets Income Fund by 2.8% in the fourth quarter. Morgan Stanley now owns 4,411,299 shares of the company’s stock worth $57,170,000 after purchasing an additional 118,651 shares in the last quarter. Sit Investment Associates Inc. bought a new stake in Brookfield Real Assets Income Fund during the fourth quarter valued at approximately $28,709,000. Wells Fargo & Company MN raised its stake in shares of Brookfield Real Assets Income Fund by 3.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,430,893 shares of the company’s stock worth $18,544,000 after acquiring an additional 44,571 shares in the last quarter. Gridiron Partners LLC boosted its position in Brookfield Real Assets Income Fund by 2,944.1% during the 3rd quarter. Gridiron Partners LLC now owns 960,489 shares of the company’s stock valued at $128,000 after buying an additional 928,937 shares during the period. Finally, Guggenheim Capital LLC increased its holdings in Brookfield Real Assets Income Fund by 15.4% during the 4th quarter. Guggenheim Capital LLC now owns 876,989 shares of the company’s stock valued at $11,366,000 after purchasing an additional 116,875 shares during the period.

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.