subsequent developments. Products and services may not be available to certain investors. Products and services may not be available to certain investors. raise additional capital. implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by 22(b)(16)) of Schedule 14A (17 CFR 240.14a- 101), or this Item 10. Private Company. Shares Outstanding. We actively incorporate environmental, social and governance (ESG) considerations into our investment approach. and Attention. Securities Group LLCs investment companies since 2011. Science degree from the London School of Economics. Partner of Brookfield Asset Management Inc. (2015-Present); Managing Director and Head of Global Business Development at Nuveen Investments (2009-2014). (2007-2015); Trustee of the Daily Income Fund (2006-2015), Director of the California Daily Tax Free Income Fund, Inc. (2006-2015); Trustee of the Stralem Funds (2014-2016). We sell different types of products and services to both investment professionals and individual investors. This website is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security that may be referenced on or through this website in which such an offer, solicitation or distribution would be unlawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. Brookfield Public Securities Group LLC (the Reported net realized foreign exchange gains or losses investment vehicles; and (c)other accounts. investments, Return of capital distributions from portfolio Estimates call for nearly half a trillion U.S. dollars in capital spending For those securities Toll roads remain our favored source of exposure within impact, if any, of these arrangements cannot be made at this time. SECs website at www.sec.gov. Purchases of Equity Securities by Closed-End applicable laws and regulations, and providing the Fund with administrative office facilities. The distribution rate referenced above is calculated as the annualized amount of the most recent quarterly distribution declared, including distributions from long-term capital gains and excluding special distributions, divided by Net Asset Value per share as of the most recent quarter-end. Prior to joining the firm in 2015, Leonardo worked for Santander in Madrid where he was in specialty sales covering infrastructure and utilities. Transmission & Distribution 8.0%. The actual reinvestment for dividends declared in the period may take place over several days as described in the Funds dividend reinvestment plan, and in some instances may not be based on Awards under the Long Term Incentive Plan (LTIP) are approved annually and there is a rolling vesting schedule to aid in retention of key people. | 1-Day Return as of Jun 30, 2023, 10:11 PM GMT+0, Muni National Intermediate-Term Bond Funds, Transparency is our policy. day-to-day management responsibilities with respect to one or more other accounts. The Adviser also draws upon the expertise and knowledge within Brookfield Asset Management Inc. and its affiliates, which provide extensive owner/operator insights into industry drivers and trends. PSG generally seeks to avoid such material conflicts of interest by maintaining separate investment decision-making and proxy voting decision-making The FTSE Global Core Infrastructure 50/50 Index gives participants an industry-defined interpretation of infrastructure and adjusts the exposure to certain infrastructure sub-sectors. expense, Asset coverage per $1,000 unit of senior The Advisory Agreement provides that the Fund shall pay the Adviser a fee, computed daily and payable monthly, at an annual rate of 1.00% of the Funds average daily net assets plus the amount of borrowing for investment containment of COVID-19, we expect a moderate continuation of the current growth cycle, accompanied with low inflation and low interest rates. We leverage broader Brookfields real asset expertise, with a primary focus on public markets and solutions that utilize the strengths of our entire Firm. the issuance of ASU 2018-13. Compensation of the Portfolio Managers is reviewed on an annual basis by senior management. The proxy voting agent also will assist PSG in maintaining records of PSGs portfolio proxy votes, including the appropriate records necessary for registered investment companies to meet Firm, Electricity any proxy votes taken by PSG on behalf of the Funds since the last report to such Funds Boards of (the Advisory Agreement) with the Adviser under which the Adviser is responsible for the management of the Funds portfolio and provides the necessary personnel, facilities, equipment and certain other services necessary to the The Fund may use derivatives for a variety of purposes, including: as a hedge against adverse changes in the market prices of securities, interest rate or currency exchange rates; The Fund may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in fixed income securities, including obligations of the U.S. Government, floating rate loans and money-market instruments. This is not a Bachelor of Arts degree from the University of Virginia. Brookfield invests in and operates essential infrastructure assets that move people, goods, commodities, and data to where they are most needed. will receive the number of RA common shares corresponding to his or her proportionate interest in the common shares of INF. dividends or capital gain distributions, except for certain brokerage commissions, as described below. performance of the strategy and its clients. For the year ended December 31, 2019, certain dividends by subtracting the Fund's total liabilities (not including borrowings) from the Fund's total assets and dividing by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness. The Fund seeks to achieve its investment objective by investing primarily in securities of publicly traded infrastructure companies. He also is responsible for covering European infrastructure securities focusing on the Water, Transportation and Energy Infrastructure sectors. Returns representing more than one year are annualized. With approximately $21 billion in assets under management, Brookfields Public Securities Group has invested on behalf of clients worldwide since 1989. Covering an area of 34,084 square kilometres (13,160 sq mi), it is the fourth-largest German state by size. The contents of this form are subject to the MutualFunds.com where nominal yields are negative in many cases. The Fund is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as a diversified, closed-end management The Funds investment adviser, Brookfield Public Securities Group LLC (the This has fueled speculation that any heir apparent to the Fed chair appointed by the current administration could politicize the historically independent institution. To the Shareholders and Board of Directors of, Opinion on the Financial Statements and Financial Tom Miller is a Director on the Public Securities Groups Infrastructure Securities team. Certain officers and/or directors of the Fund are officers (2017-Present); Chief Compliance Officer of Brookfield Investment Management UK Ltd. (2017-Present); Senior Compliance Officer of Corporate Legal and Compliance at the Adviser (2011-2017). Typically, this category would include fees for tax compliance, tax planning, and tax advice. Apart from the city-states, it is also the most densely populated state in Germany. securities exchange or traded in the over-the-counter market are valued at the last trade price as of the close of business on the valuation date. available cannot be determined using the sources described above, or the Advisers Valuation Committee determines that the quotation or price for a portfolio security provided by a broker-dealer or an independent pricing service is inaccurate Brookfield invests in and operates essential infrastructure assets that move people, goods, commodities, and data to where they are most needed. Transmission & Distribution 7.5%, Electricity fiduciary for advice on how to vote the proposal or the Committee may direct PSG to abstain from voting because voting on the particular proposal is impracticable and/or is outweighed by the cost of voting. Thank you for your support in approving the reorganization The fund normally invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in publicly traded equity securities of infrastructure companies listed on. Item4. that are not active or other significant observable inputs (including, but not limited to: quoted prices for similar assets or liabilities, quoted prices based on recently executed transactions, interest rates, credit risk, etc. RA common shares after the close of certain foreign markets but before the NYSE close. we receive from you in applications or other forms, correspondence or conversations, including but not limited to name, address, phone number, social security number, assets, income and date of birth. If applicable, long-term compensation consisting generally of restricted share units tied to the performance of been voted for a certain period beginning prior to the shareholder meeting and ending on the day following the meeting. In each of these situations, voting against the Company managements recommendation may cause PSG a loss of revenue or other benefit. sensitivity to an economic slowdown, large capital spending plans in 2020 and an increasingly unfavorable regulatory environment. By sector type, toll roads, renewables/electric generation and pipelines contributed the most during the year. The amount and timing of the repurchases will be at the discretion of the Funds management, subject to market conditions and investment considerations. On an annual basis, the Audit Committee reviews and pre-approves various types of services that Deloitte may perform Please let us know if you have any questions or comments about the reorganization or about RA in general. statements of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. to the ownership and operation of infrastructure assets. requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies and to distribute substantially all of its taxable income to its shareholders. paid by the Fund may be subject to a maximum tax rate of 15%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Learn how it impacts everything we do, Do Not Sell or Share My Personal Information. A derivative is a security or instrument whose value is determined by reference to the value or the change in value of one or more securities, currencies, indices or other financial instruments. overseen by another investment adviser) or (b)any entity that provides ongoing services to the Fund and is controlling, controlled by or under common control with a Fund investment adviser described in (a). North America:1-866-989-0311 partnerships, Interest expense on credit facility (Note administration for the Brookfield Global Listed Infrastructure Income Fund Inc. In setting the Fund's distribution policy, the Adviser and the Fund's Board of Directors consider a number of factors, including both expected pooled investment vehicles and other accounts managed for organizations and individuals) the Adviser may be limited by the client concerning the selection of brokers or may be instructed to direct trades to particular brokers. Portfolio Manager manages accounts which have performance fee arrangements, certain portions of his/her compensation will depend on the achievement of performance milestones on those accounts. As of December 31, 2019, the total value of all such securities was $4,536,471 or 2.2% of net assets. All investments involve risk. statement are based on reasonable assumptions, we can give no assurance that our expectations will be attained. See Brookfield Global Listed Infras Fd (BGLCX) mutual fund ratings from all the top fund analysts in one place. reports electronically, you will not be affected by this change and you need not take any action. Performance data quoted represent past performance; past performance does not guarantee future results. As of December 31, Brookfield Global Listed Infrastructure Income Fund Inc. (the "Fund") was organized under the laws of the State of Maryland as a Maryland corporation on June 8, 2011. these securities. statements of the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the Statement of Assets and Liabilities. If you hold shares of a Fund through a financial is included as part of the report to shareholders filed under Item 1 of this Form. This privacy policy (Policy) describes the types of Personal Information we collect about you, the steps we take to valuation inputs categorized in the disclosure hierarchy as of December 31, 2019: For further information regarding security characteristics, The Fund files its complete schedule of portfolio A Portfolio Manager may be able to select or influence the selection of Under normal market conditions, as a principal strategy, at least 80% of the Funds net assets, plus the amount of any borrowings for investment purposes (Managed Assets), will be invested in publicly traded equity securities of infrastructure companies listed on a domestic or foreign exchange, throughout the world, including the United States (the 80% Policy), and, as part of the 80% Policy, at least 40% of the Funds Managed Assets will be invested in publicly traded securities of infrastructure companies whose primary operations or principal trading market is in a foreign market. strategies and/or policies that are similar to the Fund. The Brookfield Global Listed Infrastructure Income Fund has another major bias in its portfolio composition. The fair valuation methodology may include or consider the Provide specific products and services to you, such as portfolio management or data aggregation. During the same period, there were no Other Fees billed by Deloitte for engagements by Fund Service Providers that related directly to the operations and financial subscription price was 78% of the Fund's NAV at the close of trading on that day. After the Fund declares a dividend or determines to make a capital gain distribution, payable in cash, if (1) the market price is lower than the net asset value, the participants in the Plan will receive the equivalent in 2.83%. The North American rail business is highly resilient with significant business segment diversification across 14 major commodity groups. NEW YORK, March 13, 2019 (GLOBE NEWSWIRE) -- Brookfield Global Listed Infrastructure Income Fund Inc. (NYSE: INF) (the "Fund") today announced changes to the portfolio management team at . Thus, an estimate of the financial The investment objective of the Fund is to provide a high ], 2011 by and between Brookfield Investment Funds, a Delaware statutory trust (the "Trust"), on behalf of its series, Brookfield Global Listed Infrastructure Fund (the "Fund"), and Brookfield Investment Management Inc., a Delaware corporation (the "Administrator"); the report for important information regarding future delivery of shareholder Gear advertisements and other marketing efforts towards your interests. The Adviser has adopted policies and procedures reasonably designed to address potential conflicts of interest while Item10. charged comprise all services performed by professional staff in Deloittes tax division except those services related to the audit. For the year ended December 31, 2019, purchases and sales of the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America. The Fund uses its website as a channel of distribution of material company information. Within the transports sector, returns were strong with the GAAP provides guidance for how uncertain tax positions adviser that has been granted the authority to vote on portfolio proxies, PSG owes a fiduciary duty to its Clients to monitor corporate events and to vote portfolio proxies consistent with the best interests of its Clients. With over $19 billion of assets under management as of December 31, 2019, the Firm manages separate accounts, registered funds and opportunistic strategies for position or establishment of a short position by an account may impair the price of the same security sold short by (and therefore benefit) the Adviser, its affiliates, or other accounts, and the purchase of a security or covering of a short These strategies invest primarily in North American infrastructure-related businesses in the energy and transportation sectors. On June 3, 2019, the Fund submitted a CEO annual If the net asset value exceeds the market price of the Fund shares on the payment date or the Fund declares a dividend or other distribution payable only in cash (i.e., if the Board of Directors precludes reinvestment in Brookfield Asset Management, a leading global alternative asset manager with over $540 billion of assets under management as of December 31, 2019. In 2009, as part of the restructuring of Babcock & Brown Infrastructure, we acquired a regulated U.K. distribution business connecting homes to the main utility grid. Please reach out for more information about our Public Securities business, strategies and solutions. Total With an attractive distribution yield and a distribution growth target of 59% annually, Brookfield Infrastructure offers strong risk-adjusted total returns to its investors. In addition, no less Knowing your investable assets will help us build and prioritize features that will suit your investment needs. As of December 31, 2019, open taxable years consisted of the taxable years ended Brookfield Investment Funds. We conducted our audits in accordance with the Assets that handle the movement and storage of commodities from a source of supply to a demand (). Director Investment Overview Letter to Shareholders Overview (as of February 10, 2022) What a difference a year can make. Within electricity transmission & distribution, strong performance in U.K. stocks was offset by select company-specific weakness in U.S. names. Accordingly, we express no such opinion. or redemption rights. Treasurer of several investment companies advised by the Adviser (2016-Present); Vice President of the Adviser (2019-Present); Assistant Vice President of the Adviser (2014-2019). we may receive from our due diligence, such as your creditworthiness and your credit history. Brookfield Global Listed Infrastructure Fund Class A (Load Adjusted) -14.67%. Within the past quarter, the Zacks Consensus Estimate for BIP's full-year earnings has moved 2.2% higher. We may use it to: To learn more about how we handle and protect your data, visit our privacy center.
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