Sit Investment Associates Inc. Invests $28.71 Million in Brookfield Real Assets Income Fund Inc. $RA

Sit Investment Associates Inc. purchased a new position in shares of Brookfield Real Assets Income Fund Inc. (NYSE:RA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,215,228 shares of the company’s stock, valued at approximately $28,709,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Riverbridge Partners LLC grew its stake in shares of Brookfield Real Assets Income Fund by 72.9% during the 4th quarter. Riverbridge Partners LLC now owns 221,307 shares of the company’s stock worth $2,868,000 after acquiring an additional 93,313 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Brookfield Real Assets Income Fund by 203.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 66,227 shares of the company’s stock worth $858,000 after acquiring an additional 44,404 shares during the period. Closed End Fund Advisors Inc. bought a new position in shares of Brookfield Real Assets Income Fund during the 4th quarter worth $1,463,000. Envestnet Asset Management Inc. grew its stake in shares of Brookfield Real Assets Income Fund by 14.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 498,401 shares of the company’s stock worth $6,659,000 after acquiring an additional 62,216 shares during the period. Finally, Shaker Financial Services LLC grew its stake in shares of Brookfield Real Assets Income Fund by 260.6% during the 4th quarter. Shaker Financial Services LLC now owns 153,005 shares of the company’s stock worth $1,983,000 after acquiring an additional 110,570 shares during the period.

Brookfield Real Assets Income Fund Trading Down 0.9%

RA stock opened at $12.60 on Friday. Brookfield Real Assets Income Fund Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $13.59. The stock has a fifty day moving average of $12.84 and a 200-day moving average of $12.97.

Brookfield Real Assets Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.118 per share. The ex-dividend date is Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 11.2%. Brookfield Real Assets Income Fund’s dividend payout ratio is presently -1,390.91%.

Insider Buying and Selling at Brookfield Real Assets Income Fund

In related news, Director Heather S. Goldman sold 2,750 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $12.72, for a total transaction of $34,980.00. Following the sale, the director owned 22 shares of the company’s stock, valued at approximately $279.84. This represents a 99.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

About Brookfield Real Assets Income Fund

Brookfield Real Assets Income Fund Inc (NYSE:RA) is a closed-end management investment company launched in June 2020. The fund is sponsored and managed by Brookfield Asset Management, one of the world’s largest alternative asset managers. RA seeks to provide investors with high current income and long-term capital growth by acquiring a diversified portfolio of real assets and related securities.

The fund’s investment strategy focuses on real estate, infrastructure, renewable energy and private credit investments.