Riverbridge Partners LLC Lowers Stake in Brookfield Real Assets Income Fund Inc. (NYSE:RA)

Riverbridge Partners LLC lessened its position in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 108,767 shares of the company’s stock after selling 998 shares during the period. Riverbridge Partners LLC’s holdings in Brookfield Real Assets Income Fund were worth $1,449,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Pathstone Holdings LLC grew its holdings in Brookfield Real Assets Income Fund by 55.4% in the 3rd quarter. Pathstone Holdings LLC now owns 847,327 shares of the company’s stock valued at $11,612,000 after buying an additional 301,996 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Brookfield Real Assets Income Fund by 450.8% in the second quarter. Envestnet Asset Management Inc. now owns 253,718 shares of the company’s stock worth $3,237,000 after acquiring an additional 207,655 shares during the last quarter. Logan Stone Capital LLC purchased a new stake in Brookfield Real Assets Income Fund in the second quarter valued at approximately $2,043,000. International Assets Investment Management LLC acquired a new position in Brookfield Real Assets Income Fund during the third quarter worth approximately $14,850,000. Finally, HighTower Advisors LLC raised its stake in Brookfield Real Assets Income Fund by 3.4% during the third quarter. HighTower Advisors LLC now owns 84,395 shares of the company’s stock worth $1,152,000 after purchasing an additional 2,758 shares during the period.

Brookfield Real Assets Income Fund Trading Up 0.0 %

Shares of RA opened at $13.44 on Thursday. Brookfield Real Assets Income Fund Inc. has a fifty-two week low of $12.16 and a fifty-two week high of $13.77. The company’s fifty day moving average is $13.36 and its two-hundred day moving average is $13.30.

Brookfield Real Assets Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be given a dividend of $0.118 per share. This represents a $1.42 dividend on an annualized basis and a yield of 10.54%. The ex-dividend date of this dividend is Friday, January 10th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is presently -1,281.82%.

Brookfield Real Assets Income Fund Profile

Brookfield Real Assets Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Brookfield Investment Management Inc The fund is co-managed by Schroder Investment Management North America Inc It invests in fixed income markets of the United States. The fund primarily invests in securities and other instruments of companies, which includes real estate securities, infrastructure securities, and natural resources securities.