Brookfield Investment Management Inc.

Brookfield Investment Management Inc.

June 29, 2012 09:09 ET

Brookfield High Yield Strategic Income Fund Announces Exercise of Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - June 29, 2012) - Brookfield Investment Management (Canada) Inc. (the "Manager") is pleased to announce that Brookfield High Yield Strategic Income Fund (the "Fund") has issued an additional 425,000 units of the Fund (the "Units") pursuant to the exercise of the over-allotment option by the syndicate of agents. In total, the Fund has issued 12,925,000 Units pursuant to its initial offering, yielding gross proceeds of approximately C$129,250,000. The Units are listed on the Toronto Stock Exchange under the symbol BHY.UN.

The Fund was created to obtain exposure to a portfolio (the "Portfolio") comprised primarily of high yield bonds, debentures, notes, corporate loans, convertible debentures and other debt instruments rated below investment grade. The Portfolio is actively managed by Brookfield Investment Management Inc. (the "Investment Manager"). The Manager and Investment Manager are both subsidiaries of Brookfield Asset Management Inc., a Canadian based, global alternative asset manager with approximately $150 billion in assets under management as of March 31, 2012 and over 100 years of experience owning and operating assets with a focus on property, renewable power, infrastructure 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., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Dundee Securities Ltd., Macquarie Private Wealth Inc., Manulife Securities Incorporated and Brookfield Financial Corp.

Brookfield Asset Management

Brookfield is a global alternative asset manager with approximately $150 billion in assets under management as of March 31, 2012. 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 nearly 40 years. Over this time, we have successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds, and structured product investments.

Brookfield Investment Management

Through our SEC-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 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.

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.

For more information, please visit www.brookfieldim.com.

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