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Brookfield Global Infrastructure Securities Income Fund Raises $325M for IPO

Brookfield Global Infrastructure Securities Income Fund has raised C$325 million for its initial public offering. The stock is priced at C$10 per share for 32.5 million units and is listed under the symbol BGI.UN on the Toronto Stock Exchange. The fund, which is run by Brookfield Investment Management, focuses on securities of publicly-traded global infrastructure companies that own and operate infrastructure assets. RBC Capital Markets and CIBC led the syndicate of agents for this offering. Based in Toronto, Brookfield has offices and investment teams in New York, Chicago, Boston, London and elsewhere around the world.

PRESS RELEASE

TORONTO, ONTARIO–(Marketwired – July 18, 2013) – Brookfield Investment Management (Canada) Inc. (the “Manager”) is pleased to announce the closing of the initial public offering of Brookfield Global Infrastructure Securities Income Fund (the “Fund”). Pursuant to the offering, the Fund issued an aggregate of 32.5 million units (the “Units”) at a price of C$10 per unit for gross proceeds of C$325 million. The Units are listed on the Toronto Stock Exchange under the symbol BGI.UN.

The Fund has been created to invest in a portfolio comprised primarily of equity securities of publicly-traded global infrastructure companies that own and operate infrastructure assets (the “Portfolio”).

The Fund’s investment objectives are to:
(i) provide holders of the Units (the “Unitholders”) with quarterly cash distributions;
(ii) maximize total return for Unitholders through distributions and capital appreciation; and
(iii) preserve capital.

The distributions are initially targeted to be 6.0% per annum on the subscription price of C$10 per Unit (C$0.15 per Unit per quarter or C$0.60 per Unit per annum).

The Portfolio will be actively managed by Brookfield Investment Management Inc. (the “Investment Manager”). The Manager and the Investment Manager are both wholly-owned subsidiaries of Brookfield Asset Management Inc., a Canadian based, global alternative asset manager with over $184 billion in assets under management as of March 31, 2013 and over 100 years of history in owning and operating assets with a focus on property, infrastructure, renewable power and private equity.

The syndicate of agents for this offering was led by RBC Capital Markets and CIBC, and included Scotiabank, TD Securities Inc., BMO Capital Markets, National Bank Financial Inc., GMP Securities L.P., Raymond James Ltd., Canaccord Genuity Corp., Brookfield Financial Corp., Desjardins Securities Inc., Haywood Securities Inc., Macquarie Private Wealth Inc. and Manulife Securities Incorporated.

The Fund has granted the Agents an over-allotment option to acquire additional Units at C$10.00 per Unit at any time during the next 30 days.

The Fund intends to implement a distribution reinvestment plan (the “Plan”) which will allow Canadian resident beneficial holders of Units to automatically reinvest their quarterly distributions in additional Units. The Fund intends to have the Plan in place in time for the Fund’s first distribution record date and will provide additional information about the Plan prior to its implementation.

Brookfield Asset Management Inc. is a global alternative asset manager with over $184 billion in assets under management as of March 31, 2013. Brookfield has over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. The company offers a range of public and private investment products and services, which leverage its expertise and experience and provide it with a competitive advantage in the markets where it operates. On behalf of its clients, Brookfield is also an active investor in the public securities markets, where its experience extends over 30 years. Over this time, the company has successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds, and structured product investments.

Brookfield’s public market activities are conducted by Brookfield Investment Management, a registered investment advisor. These activities complement Brookfield’s core competencies and include global listed real estate and infrastructure equities, corporate high yield investments, opportunistic credit strategies and a dedicated insurance asset management division. Headquartered in New York, NY, Brookfield Investment Management maintains offices and investment teams in Toronto, Chicago, Boston and London and has over $10 billion of assets under management as of March 31, 2013. Brookfield Global Infrastructure Securities Income Fund is advised by Brookfield Investment Management Inc.

The Fund uses its web site as a channel of distribution of material company information. Financial and other material information regarding the Fund is routinely posted on and accessible at www.brookfieldim.com.

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