Brookfield Real Assets Income Fund Inc. Announces Appointment of William H. Wright II to Its Board of Directors/Trustees
August 10, 2020 at 04:13 pm EDT
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Brookfield Public Securities Group LLC (PSG), adviser for closed-end fund, Brookfield Real Assets Income Fund Inc. announced that William H. Wright II joined the current Board of Directors/Trustees of its closed-end fund, effective August 1, 2020. He joined independent Board members Edward Kuczmarski, Stuart McFarland, Louis Salvatore and Ms. Heather Goldman, and interested Board member Mr. David Levi of PSG. Mr. Wright was a Managing Director of Morgan Stanley until his retirement in 2010, having joined the firm in 1982. During his career in investment banking at Morgan Stanley, Mr. Wright headed the corporate finance execution group where he was responsible for leading and coordinating teams in the execution of complex equity offerings for multinational corporations. Following his career in investment banking, Mr. Wright served as an independent Board member of two closed-end funds until 2016, and served on the faculties of the Ray Garrett Jr. Corporate and Securities Law Institute at Northwestern Pritzker School of Law and the Practicing Law Institute. Mr. Wright is also a member of the Board of Directors of the New York City Ballet. In addition to serving on other Boards, he is interested in innovative philanthropic initiatives.
Brookfield Real Assets Income Fund Inc. (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to seek high total return, primarily through high current income and secondarily, through growth of capital. The Fund seeks to achieve its investment objective by investing primarily in the real asset class, which includes real estate securities; infrastructure securities; and natural resources securities (real asset companies and issuers). Under normal market conditions, the Fund will invest at least 80% of its managed assets in the securities and other instruments of real asset companies and issuers. The Fund may invest at least 65% of its Managed Assets in fixed income securities of real asset companies and issuers and in derivatives and other instruments. Its investment advisor is Brookfield Public Securities Group LLC.