|By Marketwired .||
|June 19, 2014 03:26 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/19/14 -- Brookfield Select Opportunities Income Fund (the "Fund") (TSX: BSO.UN) announced today acceptance by the Toronto Stock Exchange (the "TSX") of the Fund's Notice of Intention to make a Normal Course Issuer Bid (the "NCIB").
Pursuant to the NCIB, the Fund proposes to purchase through the facilities of the TSX, from time to time, if it is considered advisable, up to 1,920,000 units of the Fund, representing approximately 10% of the public float, being 19,200,000 units of the Fund (the "Units") as of the close of business of June 10, 2014. The Fund will not purchase in any given 30-day period, in the aggregate, more than 384,000 Units, representing approximately 2% of the issued and outstanding Units, being 19,200,000 Units as of the close of business of June 10, 2014. Purchases of Units under the NCIB may commence on June 23, 2014. The Fund believes that such purchases are in the best interests of the Fund and are a desirable use of the Fund's funds. All purchases will be made through the facilities of the TSX in accordance with its rules and policies. All Units purchased by the Fund pursuant to the NCIB will be cancelled. The NCIB will expire on June 22, 2015.
Brookfield Asset Management
Brookfield is a global alternative asset manager with $190 billion in assets under management as of March 31, 2014. 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 structured product investments.
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.