Tender Offer - Brookfield Infrastructure Income Fund Inc.
Form Type: SC TO-I
Filing Date: 2025-05-27
Corporate Action: Tender-offer
Type: New
Accession Number: 000121390025047646
Filing Summary: Brookfield Infrastructure Income Fund Inc. is initiating a tender offer to purchase shares from shareholders. The offer will allow shareholders to tender shares of the Fund up to 5% of its net asset value as determined from the prior quarter. This tender offer is set to commence on May 27, 2025, with specific key dates outlined: notice date and tender withdrawal date both set for June 25, 2025, and acceptance date on July 24, 2025. Cash payments for the shares will be determined based on the Fund's net asset value as of the valuation date. Shareholders have the right to withdraw their tender requests until the established tender withdrawal date. If a shareholder's tender goes unaccepted by the acceptance date, they may withdraw their shares thereafter. The Fund also reserves the right to cancel, amend, or extend the offer at any time before the tender withdrawal date. The document emphasizes that shares tendered can experience valuation changes, potentially affecting the tendered amounts. Special considerations regarding regulatory and tax implications are also addressed throughout the filing, including treatment of potential capital gains and the application of withholding taxes for non-U.S. investors.
Additional details:
Share Class: Class I Shares
Share Class: Class D Shares
Share Class: Class S Shares
Share Class: Class T Shares
Nav Per Share Class I: 10.58
Nav Per Share Class S: 10.55
Nav Per Share Class D: 10.45
Number Of Shares Class I: 264854093.829
Number Of Shares Class S: 98519328.598
Number Of Shares Class D: 213736.935
Form Type: SC TO-I/A
Filing Date: 2025-05-09
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390025041268
Filing Summary: This document is an amendment to a previously filed issuer tender offer statement regarding Brookfield Infrastructure Income Fund Inc. The amendment reports the results of an offer to purchase up to 5.0% of its outstanding shares of common stock, initiated on February 25, 2025, as per SEC regulations. The offer expired on March 25, 2025, and a total of 725,530.26 shares were validly tendered and accepted for purchase by the Fund. The net asset value of the shares tendered was approximately $7,639,153.12, and the Fund paid about $7,602,556.37 to the tendering shareholders on or about April 29, 2025, after accounting for any applicable early withdrawal fees. This amendment serves to finalize and report the results of the tender offer without altering any previously reported information.
Additional details:
Tender Offer Expiration Date: 2025-03-25
Shares Validly Tendered: 725530.26
Amount Paid To Shareholders: 7602556.37
Net Asset Value Of Tendered Shares: 7639153.12
Early Withdrawal Fee: 2%
Form Type: SC TO-I
Filing Date: 2025-02-25
Corporate Action: Tender-offer
Type: New
Accession Number: 000121390025016841
Filing Summary: On February 25, 2025, Brookfield Infrastructure Income Fund Inc. announced a tender offer to purchase its Class I, Class D, Class S, and Class T Shares of common stock, up to 5% of the Fund's net asset value as calculated from the Prior NAV Calculation Date. The Offer invites shareholders to tender their shares until the Notice Date on March 25, 2025, while the Tender Withdrawal Date coincides with this date, allowing shareholders to withdraw their shares until then. Notably, the Fund reserves the right to extend the Offer and retain the option to cancel, amend, or postpone acceptance of the shares up until the Acceptance Date. Shares will be purchased at their net asset value on the Valuation Date, and payments for accepted shares will be generally made in cash from various sources as noted in the document. The document outlines significant dates including the Prior NAV Calculation Date, Admission Date, Commencement Date, and others. The Offer does not anticipate an extension, advising shareholders to make decisions based on the established timeline. Additionally, risks associated with ownership and potential increased volatility for remaining shareholders are detailed, alongside the tax implications for shareholders participating in the tendering process.
Additional details:
Class Of Security: Class I, Class D, Class S, Class T Shares
Cusp Number: 11276G306, 11276G108, 11276G405, 11276G207
Maximum Shares: Up to 5% of the Fund's net asset value
Tender Withdrawal Date: 2025-03-25
Valuation Date: 2025-03-31
Acceptance Date: 2025-04-22
Early Withdrawal Fee: 2.00% of the net asset value of Shares repurchased if tendered within 12 months of original issue date.
Form Type: SC TO-I/A
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: Update
Accession Number: 000121390025013855
Filing Summary: On February 14, 2025, Brookfield Infrastructure Income Fund Inc. filed Amendment No. 1 to its Tender Offer Statement on Schedule TO, originally published on December 2, 2024. The amendment reports the results of an issuer tender offer which aimed to purchase up to 5.0% of its outstanding shares of common stock at a price equivalent to the net asset value per share determined as of December 31, 2024. The offer expired at 5:00 p.m. Eastern Time on that date, and a total of 71,676.95 shares were validly tendered and accepted for purchase at approximately $732,050.90, net of fees. This amount reflects the net asset value of the shares tendered, after deducting any applicable early withdrawal fees. The document confirms that the information previously reported remains unchanged except where specifically noted in the amendment.
Additional details:
Tender Offer Expiration: 2024-12-31
Shares Validly Tendered: 71676.95
Net Asset Value Tendered: 745330.53
Amount Paid To Shareholders: 732050.90
Early Withdrawal Fees: 2%
Comments
No comments yet. Be the first to comment!