Brookfield Real Assets Income Fund Inc. (NYSE:RA) is Thomas J. Herzfeld Advisors Inc.’s 7th Largest Position

Thomas J. Herzfeld Advisors Inc. raised its holdings in Brookfield Real Assets Income Fund Inc. (NYSE:RA) by 92.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 594,984 shares of the company’s stock after acquiring an additional 285,513 shares during the period. Brookfield Real Assets Income Fund accounts for about 2.5% of Thomas J. Herzfeld Advisors Inc.’s holdings, making the stock its 7th biggest position. Thomas J. Herzfeld Advisors Inc.’s holdings in Brookfield Real Assets Income Fund were worth $7,925,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Prevail Innovative Wealth Advisors LLC increased its stake in Brookfield Real Assets Income Fund by 21.7% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 88,628 shares of the company’s stock worth $1,181,000 after acquiring an additional 15,789 shares during the last quarter. Arlington Capital Management Inc. boosted its stake in shares of Brookfield Real Assets Income Fund by 10.6% in the fourth quarter. Arlington Capital Management Inc. now owns 70,230 shares of the company’s stock valued at $935,000 after purchasing an additional 6,730 shares during the period. LPL Financial LLC grew its holdings in Brookfield Real Assets Income Fund by 7.9% during the 4th quarter. LPL Financial LLC now owns 80,666 shares of the company’s stock valued at $1,074,000 after purchasing an additional 5,886 shares in the last quarter. Rareview Capital LLC increased its stake in Brookfield Real Assets Income Fund by 17.8% during the 4th quarter. Rareview Capital LLC now owns 118,768 shares of the company’s stock worth $1,627,000 after buying an additional 17,970 shares during the period. Finally, Independent Advisor Alliance acquired a new position in Brookfield Real Assets Income Fund in the 4th quarter worth $457,000.

Brookfield Real Assets Income Fund Stock Down 0.2 %

Shares of NYSE RA opened at $13.17 on Tuesday. Brookfield Real Assets Income Fund Inc. has a 1 year low of $12.17 and a 1 year high of $13.77. The stock’s 50-day simple moving average is $13.32 and its 200-day simple moving average is $13.39.

Brookfield Real Assets Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Thursday, June 12th will be paid a dividend of $0.118 per share. This represents a $1.42 annualized dividend and a dividend yield of 10.76%. The ex-dividend date is Thursday, June 12th. Brookfield Real Assets Income Fund’s dividend payout ratio (DPR) is currently -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.