Brookfield Select Opportunities Income Fund Completes $187.5 Million Initial Public Offering

TORONTO, ONTARIO--(Marketwired - May 23, 2014) - Brookfield Investment Management (Canada) Inc. (the "Manager") is pleased to announce the closing of the initial public offering of Brookfield Select Opportunities Income Fund (the "Fund") (TSX:BSO.UN). Pursuant to the offering, the Fund issued an aggregate of 18.75 million units (the "Units") at a price of $10.00 per Unit for gross proceeds of $187.5 million. The Units are listed on the Toronto Stock Exchange under the symbol BSO.UN.

The Fund has been created to invest in a portfolio (the "Portfolio") of fixed income and equity securities on a global basis. The Fund will focus on, but will not be limited to, investments in high yield corporate debt and publicly-listed equity securities of infrastructure and real estate companies. The Portfolio will be actively managed by the Manager.

The Fund's investment objectives are to:

The quarterly cash distributions are initially targeted to be 6.0% per annum on the subscription price of $10.00 per Unit ($0.15 per Unit per quarter or $0.60 per Unit per annum).

The Manager is a wholly-owned subsidiary of Brookfield Asset Management Inc., a Canadian based, global alternative asset manager with US$190 billion in assets under management as of March 31, 2014 that has over a 100-year history of owning and operating assets with a focus on property, renewable energy, infrastructure and private equity.

The syndicate of agents for this offering was being 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., Brookfield Financial Corp., Desjardins Securities Inc., Haywood Securities Inc. and Manulife Securities Incorporated.