Boston, MA 08/13/2014 (wallstreetpr) – Brookfield Investment Management Inc., Brookfield Asset Management Inc. (USA) (NYSE:BAM)‘s registered investment advisor on August 12, 2014 declared an important resumption. It stated that Helios Advantage Income Fund Inc (NYSE:HAV), Helios Multi Sector High Income Fund Inc (NYSE:HMH), Helios High Income Fund, Inc, and Helios Strategic Income Fund Inc (NYSE:HAS) resumed trading from Tuesday, August 12.
Resumption Of Trading:
Brookfield Asset Management Inc. (USA) (NYSE:BAM) stated that it is currently expected the re-organizations of HAV, HIH, HMH and HAS into Brookfield High Income Fund Inc.
The reorganization was originally planned to be effective before the opening of trading on August 11, 2014 in New York Stock Exchange and will complete before the trading starts on August 13, 2014.
A Brief On 2Q Earnings Of Brookfield:
Last week, Brookfield Asset Management Inc. (USA) (NYSE:BAM) disclosed its 2Q earnings result for the period ended on June 3, 2014. The consolidated net income for the second quarter was $1.6 billion ($1.19 per share). The recorded net income was almost four times the earnings per share of 2Q2013, which was $0.31 per share. The net income for the six-month period hiked to $2.4 billion.
FFO or Funds from Operations for the shareholders of the company was $569 million ($0.84 per share), which was 24% more than the last year. The increase in FFO clearly indicates the growth in asset management fees, contribution from deployed capital as well as realized deposit gain over the last year. The fee bearing capital also showed growth of 16% compared to a year ago.
Dividend Announcement:
The Board of Directors has announced good news for the shareholders. The shareholders will receive quarterly dividend of $0.16 per share ($0.64 per annum). The dividend will be paid on September 30, 2014 for a business recorded till August end.
The chief executive officer, Bruce Flatt, mentioned that clients are investing on the capital of Brookfield’s real asset investment strategies due to risk-free adjustment returns
