2024-01-23 09:40:21 ET
Summary
- Brookfield Real Assets Income Fund remains attractively priced with a discount of over 11% to its NAV.
- The fund's performance has improved since the distribution cut, which bodes well for the current distribution remaining sustainable.
- RA primarily invests in debt instruments, which can limit potential long-term upside, but the fund's debt-focused portfolio is also trading below par.
Written by Nick Ackerman, co-produced by Stanford Chemist.
After cutting its distribution back down to a more manageable level last year, Brookfield Real Assets Income Fund ( RA ) remains an attractively priced closed-end fund. The performance of the fund has been better since the elimination, and while that isn't directly related to the payout cut, it should bode well for the distribution being maintained going forward....
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RA: Discount Continues To Leave Some Opportunity