Brookfield Real Assets Income Fund Inc. to Issue Monthly Dividend of $0.12 (NYSE:RA)

Brookfield Real Assets Income Fund Inc. (NYSE:RA) announced a monthly dividend on Monday, September 30th, Zacks reports. Shareholders of record on Friday, October 11th will be given a dividend of 0.118 per share on Friday, October 25th. This represents a $1.42 dividend on an annualized basis and a yield of 10.40%. The ex-dividend date of this dividend is Friday, October 11th.

Brookfield Real Assets Income Fund Price Performance

Shares of RA opened at $13.62 on Wednesday. The stock has a 50 day simple moving average of $13.33 and a 200-day simple moving average of $12.93. Brookfield Real Assets Income Fund has a 1 year low of $11.89 and a 1 year high of $13.77.

Insider Buying and Selling at Brookfield Real Assets Income Fund

In other news, Portfolio Manager Justin Charles Guichard acquired 7,364 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average cost of $13.58 per share, with a total value of $100,003.12. Following the completion of the purchase, the portfolio manager now owns 7,364 shares of the company’s stock, valued at $100,003.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

About Brookfield Real Assets Income Fund

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.