Brookfield Real Assets Income Fund Inc. [RA] Stock Forecast

The Brookfield Real Assets Income Fund cut its distribution in August and predictably got punished for it. Since it predominantly holds high yield assets, we compare it to a high yield bond ETF. We conclude with our outlook on the Brookfield Fund.

NEW YORK, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Brookfield Public Securities Group LLC (“PSG”) will host a webcast for Brookfield Real Assets Income Fund Inc. (NYSE: RA) (the “Fund”) on Wednesday, November 1, 2023 at 4:30pm ET. PSG will provide an update on the Fund and on general market conditions.

Several higher-yielding closed-end funds have cut their distributions this year, resulting in significant drops for those trading at high premiums. Brookfield Real Assets Income Fund Inc. was one of these cutters that has now seen the fund drop to a deep discount. This deep discount makes the RA CEF now much more appealing than it had been at any time in the last few years.

This month, I added to 5 different closed-end funds, but it came from the result of selling off 2 for swaps as well. Swap opportunities come up as we can exploit the discount/premium mechanics in closed-end funds. Overall, I have continued to stick with a low or no-leverage theme in this environment as I look to de-risk my CEF portfolio.

We review CEF market valuation and performance through the last week of August and highlight recent market action. Most CEF sectors enjoyed higher NAVs, while discount action was mixed. Underperforming funds with lazy distribution changes end up perversely at high premiums - a danger for income investors.

Years ago, we had a 15-month fling with a promising fund. It traded at a generous discount to its net asset value (NAV) and paid a double-digit dividend.

9 out of 22 CEF sectors positive on price and 12 out of 22 sectors positive on NAV. Tortoise tender offers are announced. Tender offers are part of the funds' discount management program.

Brookfield Real Asset Income Fund Inc. just announced a significant cut to its distribution, leading to a 27% decline in its stock. The fund has had poor long-term performance and was paying a high distribution yield that it did not earn. The fund is now trading at a discount to NAV, but the new distribution rate may still be too high. Investors should consider switching out of the fund.

The fund's net asset value is in decline, and its dividend proved unsustainable. The fund has been hit by a deterioration in commercial real estate credit markets.

Second-quarter GDP revised down to 2.1%, reflecting lower business spending. TSA expects to screen more than 14M passengers during the Labor Day weekend.

Brookfield Real Assets Income Fund Inc. is a US stock , located in New york of Ny and trading under the symbol RA

Brookfield Real Assets Income Fund Inc. stock price is $12.71 today.

Yes, Brookfield Real Assets Income Fund Inc. is a publicly traded company.