Brookfield Real Assets Income Fund shares are trading lower after the company announced it will reset its monthly distribution from $0.1990 per share to $0.1180 per share.
Portfolio Pulse from Benzinga Newsdesk
Brookfield Real Assets Income Fund has announced a reset of its monthly distribution from $0.1990 per share to $0.1180 per share, leading to a decrease in its share price.
August 30, 2023 | 7:50 pm
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Brookfield Real Assets Income Fund (RA) has reduced its monthly distribution, which has resulted in a decrease in its share price.
The reduction in monthly distribution means that shareholders will receive less income from their shares, which makes the shares less attractive and can lead to a decrease in the share price. This is likely the reason for the observed decrease in Brookfield's share price.
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