Brookfield High Yield Strategic Income Fund
TSX : BHY.UN

Brookfield High Yield Strategic Income Fund

May 29, 2015 16:54 ET

Brookfield High Yield Strategic Income Fund Announces Average Net Asset Value and Status of Annual Redemption Condition

TORONTO, ONTARIO--(Marketwired - May 29, 2015) - Brookfield Investment Management (Canada) Inc. (the "Manager") announces that the simple average of the net asset values of the units of the Brookfield High Yield Strategic Income Fund (the "Fund") (TSX:BHY.UN) on each of the Thursdays occurring in the month of May was $9.85. As a result, the annual redemption condition applicable to the units of the Fund has been triggered. Units may only be redeemed on an Annual Redemption Date (the last business day of July), if the simple average of the net asset values of the units of the Fund on each of the Thursdays occurring in the month of May preceding the Annual Redemption Date is less than $10.00. Units of the Fund must be surrendered for redemption at least 20 business days prior to the Annual Redemption, which is Friday, July 3, 2015. Payment of the proceeds will be made on or before the 15th business day of August.

The Fund obtains economic exposure to a portfolio (the "Portfolio") of North American high yield debt through a forward agreement (the "Forward Agreement"). The Fund's investment objectives are to provide unitholders with tax-advantaged quarterly cash distributions, to maximize total return to unitholders through distributions and capital appreciation and to preserve capital. The Portfolio is actively managed by Brookfield Investment Management Inc.

Brookfield Asset Management

Brookfield is a global alternative asset manager with over $200 billion in assets under management as of March 31, 2015. We have over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. We offer a range of public and private investment products and services, which leverage our expertise and experience and provide us with a distinct competitive advantage in the markets where we operate. On behalf of our clients, Brookfield is also an active investor in the public securities markets, where our experience extends over 30 years. Over this time, we have successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds and various commingled vehicles.

Brookfield Investment Management

Through our registered investment advisor, Brookfield Investment Management, our public market activities complement our core competencies as a direct investor. These activities encompass global listed real estate and infrastructure equities, corporate credit and securitized credit strategies. Headquartered in New York, NY, Brookfield Investment Management also maintains offices and investment teams in Toronto, Chicago and Boston and has $19 billion of assets under management as of March 31, 2015.

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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