Brookfield Mortgage Opportunity Income Fund Inc. Announces Exercise of Over-Allotment Option

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

Brookfield Mortgage Opportunity Income Fund Inc. (NYSE:BOI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024