Brookfield Real Assets Income Fund Inc. Announces Board Changes
January 07, 2022 at 04:54 pm EST
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Brookfield Real Assets Income Fund Inc. announced that effective December 31, 2021, Mr. Louis P. Salvatore, an independent Director of the Fund, Chairman of the Audit Committee and member of the Nominating and Compensation Committee resigned from the Board. At that time, Mr. William H. Wright II assumed Mr. Salvatore's role as Chairman of the Audit Committee. At a Special Meeting of the Board held on December 13, 2021, the Board ratified and approved the Audit Committee's selection and appointment of Mr. Wright to serve as Chairman of the Audit Committee.
Mr. Wright has served as an independent Director of the Fund, and member of the Audit and Nominating and Compensation Committees since August 2020.
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.