Brookfield Mortgage Opportunity Income Fund Inc. Announces Exercise of Over-Allotment Option
14 Maggio 2013 - 3:32PM
Marketwired
Brookfield Mortgage Opportunity Income Fund Inc. (NYSE:BOI) (the
"Fund") announced today that the underwriters of its recently
completed initial public offering of 21,000,000 common shares,
which closed on March 28, 2013, exercised their over-allotment
option on May 9, 2013, and purchased an additional 1,706,550 common
shares at the public offering price of $20 per common share. The
issuance of these additional common shares closed on May 13, 2013,
and net proceeds received by the Fund from the sale of these
additional common shares were approximately $32,595,105. The Fund
intends to use the net proceeds to make additional portfolio
investments that are consistent with the Fund's investment
objective and policies. The Fund is listed on the New York Stock
Exchange under the symbol "BOI."
An investor should read the Fund's prospectus carefully before
investing. The prospectus contains important information about the
Fund and its investment objective and policies, risks, charges and
expenses. A copy of the Fund's prospectus can be obtained from
Brookfield Investment Management Inc. ("Brookfield") by calling
(866) 435-3403. Investors may also obtain the prospectus free of
charge from the Securities and Exchange Commission's ("SEC")
website at www.sec.gov.
The Fund's investment objective is to provide high total
investment return by providing a high level of current income and
the potential for capital appreciation. The Fund invests primarily
in a portfolio of mortgage-related securities. The Fund is managed
by Brookfield, which is an investment adviser registered with the
SEC.
The initial public offering was co-led by Wells Fargo
Securities, LLC and UBS Securities LLC.
Brookfield Asset Management Inc. is a global alternative asset
manager with approximately $185 billion in assets under management
as of March 31, 2013. Brookfield has over a 100-year history of
owning and operating assets with a focus on property, renewable
power, infrastructure and private equity. The company offers a
range of public and private investment products and services, which
leverage its expertise and experience and provide it with a
competitive advantage in the markets where it operates. On behalf
of its clients, Brookfield is also an active investor in the public
securities markets, where its experience extends over 30 years.
Over this time, the company has successfully developed several
investment operations and built expertise in the management of
institutional portfolios, retail mutual funds, and structured
product investments.
Brookfield's public market activities are conducted by
Brookfield Investment Management, a registered investment advisor.
These activities complement Brookfield's core competencies and
include 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 and has
over $10 billion of assets under management as of March 31, 2013.
The Fund 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.
Important Disclosures
As the Fund is newly organized, its shares have a limited
history of public trading. Shares of closed-end investment
companies frequently trade at a discount to their net asset value,
which may increase investors' risk of loss. This risk may be
greater for investors expecting to sell their shares in a
relatively short period after the completion of this public
offering. There are risks associated with an investment in the
Fund. Investors should consider the Fund's investment objectives,
risks, charges and expenses carefully before investing. The
prospectus, which contains this and other information about the
Fund, should be read carefully before investing. A copy of the
prospectus can be obtained from Brookfield Investment Management
Inc. by calling 1-866-435-3403. An investment in the Fund should
not constitute a complete investment program.
There is no assurance that the Fund will achieve its investment
objective.
Contacts: Brookfield Mortgage Opportunity Income Fund Inc.
Brookfield Place 250 Vesey Street, 15th Floor New York, NY
10281-1023 (855) 777-8001funds@brookfield.com
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