Center Coast Brookfield MLP & Energy Infrastructure Fund Consider Strategic Options – GlobeNewswire | Omd Cialis

NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) — Brookfield Public Securities Group (“PSG”), the investment advisor to the Center Coast Brookfield MLP & Energy Infrastructure Fund (“CEN”), in cooperation with the Board of Trustees of CEN has and will evaluate various strategic options for CEN to increase and maximize shareholder value. This includes, without limitation, fund restructurings within the Brookfield fund complex, third party restructuring opportunities and strategic portfolio repositioning, including a potential sale of all or a portion of CEN’s interest in KKR Eagle. The Board expects to be in a position to file a shareholder lawsuit or otherwise by the end of Q1 2023.

However, these efforts are ongoing and there is no guarantee that PSG and the Board will develop a proposal for CEN to announce and execute. Each of these options brings with it certain investment, regulatory, and federal income tax issues that PSG and the board continue to review. As a general rule, CEN does not comment on or inform the market about specific strategic options under consideration or the status of informal expressions of interest or formal proposals or offers made to CEN from time to time. or the course of discussions with potential counterparties, nor will it comment on any rumors related to the foregoing or make any further announcement regarding any proposal or expression of interest until such time, if any, that it has approved or entered into a transaction related definitive agreement or is otherwise obligated to make any notice.

PSG is an SEC-registered investment advisor representing Brookfield Asset Management Inc.’s Public Securities platform and offering global public real estate strategies including real estate equities, infrastructure equities, energy infrastructure equities, multi-strategy real asset solutions and real asset debt. With over $24 billion in assets under management as of June 30, 2022, PSG manages separate accounts, incorporated funds and opportunistic strategies for financial institutions, public and private pension plans, insurance companies, endowments, sovereign wealth funds and individual investors. PSG is a wholly owned subsidiary of Brookfield Asset Management Inc., a leading global alternative wealth manager with approximately $725 billion in assets under management (as of March 31, 2022). Visit https://publicsecurities.brookfield.com/ for more information.

The Center Coast Brookfield MLP & Energy Infrastructure Fund is managed by PSG. The fund uses its website as a distribution channel for key information about the fund. Financial and other material information relating to the Fund is routinely posted and available at https://publicsecurities.brookfield.com/.

COMPANY CONTACT
Center Coast Brookfield MLP & Energy Infrastructure Fund

Brookfield Place
250 Vesey Street, 15th floor
New York, NY 10281-1023
(855) 777-8001
publicsecurities.enquiries@brookfield.com

Investing involves risk; Capital loss is possible. Past performance is no guarantee of future results.

risks
The outbreak of a contagious respiratory disease caused by a novel coronavirus known as “COVID-19” is causing a significant reduction in consumer demand and economic output, disrupting supply chains, leading to market closures, travel restrictions and quarantines, and adversely affecting the local and global economy off . As with other major economic disruptions, government agencies and regulators have responded to this crisis with significant fiscal and monetary policy changes, including direct capital injections to businesses, the introduction of new monetary programs, and a significant reduction in interest rates, resulting in negative interest rates in some cases . These actions, including their possible unexpected or sudden reversal or potential ineffectiveness, could further increase volatility in securities and other financial markets, reduce market liquidity, increase investor uncertainty and adversely affect the value of the Fund’s investments and the Fund’s performance. Markets in general and the energy sector in particular, including Master Limited Partnerships (“MLPs”) and energy infrastructure companies in which the Fund invests, have also been negatively impacted by lower demand for oil and other energy commodities as a result of the slowdown in economic activity as a result of the spread of COVID-19 and price competition between major oil producing countries. Although some vaccines have been developed and approved for use by various governments, the political, social, economic, market, and financial risks of COVID-19 could linger for years to come. Markets have been impacted by high inflation, which has led to changes in central bank interest rate policies and rising interest rates. Russia’s invasion of Ukraine has also impacted energy supplies worldwide as international government sanctions affect global energy markets. These developments have and may continue to adversely affect the Fund’s NAV and the market price of the Fund’s common shares.

The Fund’s investments are focused on the energy infrastructure industry, with an emphasis on securities issued by MLPs, which may increase price volatility. The value of commodity-linked assets such as MLPs and energy infrastructure companies (including midstream MLPs and energy infrastructure companies) in which the fund invests are subject to industry-specific risks such as available natural gas or other energy commodities, slowdown in new construction and acquisitions, continued reduced demand for crude oil, natural gas and refined petroleum products, depletion of natural gas reserves or other commodities, changes in the macroeconomic or regulatory environment, environmental hazards, rising interest rates and terrorist threats to energy assets, all of which could adversely affect the Fund’s profitability.

MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment, including the risk of an MLP losing its partnership tax status. If an MLP were required to pay federal income tax on its income at the corporate income tax rate, the amount of cash available for distribution would be reduced and such distributions received by the fund would be taxed under federal income tax laws that apply to corporate dividends received (as dividend income, a return of capital, or a capital gain).

In addition, investing in MLPs involves additional risks compared to those of investing in common stocks, including cash flow, dilution and voting rights risks. Such companies may trade less frequently than larger companies due to their smaller capitalization, which may result in erratic price movements or difficulty in buying or selling.

The Fund is a closed-end, undiversified investment company. As a result, the Fund’s returns may vary more than those of a diversified investment company. Shares in closed-end investment companies such as the Fund often trade at a discount to their Net Asset Value, which can increase investors’ risk of loss. The Fund is not a complete investment program and you could lose money investing in the Fund.

Due to the Fund’s focus on MLP investments, the Fund does not qualify to be treated as a “regulated investment company” under the Internal Revenue Code of 1986, as amended. Instead, the Fund is treated as a regular corporation, or “C” corporation, for US federal income tax purposes and is therefore subject to corporation tax, unlike most investment companies, to the extent that the Fund reports taxable income.

An investment in MLP shares involves risks that are different from a similar investment in the equity securities, such as common stock, of a company. Holders of MLP shares have the rights typically afforded to limited partners in a limited partnership. Compared to common shareholders of a corporation, holders of MLP shares have more limited control and voting rights in matters affecting the partnership. There are certain tax risks associated with an investment in MLP Shares. In addition, conflicts of interest may exist between holders of common stock, holders of subordinated stock and the general partner of an MLP.

The Fund currently seeks to increase the level of its current distributions by using financial leverage through borrowing, including borrowing from financial institutions, or issuance of commercial paper or other debt instruments, through issuance of senior securities such as preferred stock, or vice versa, through repurchase agreements, dollars -Rolls or similar transactions or any combination of the foregoing. Financial leverage is a speculative technique and investors should note that financial leverage carries special risks and costs.

Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as “anticipate”, “expect”, “intend”, “plan”, “believe”, ” seeks,” “estimates” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements speak only as of the date of this document. These forward-looking statements include statements about the pursuit of strategic options and aspects of the ongoing evaluation and timing of the evaluation. These statements are based on the current expectations of PSG and the board. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. These risks include the risk that PSG and the Board of Directors may not identify one or more strategic options or ultimately pursue a strategic option, the risk that exploring strategic alternatives or publicly announcing them may disrupt or cause the Fund’s operations stock prices can fluctuate significantly, the risk that the Fund’s exploration of strategic options is time consuming and may involve significant costs and expenses, the risk that the Fund’s exploration of strategic options could divert its attention from the day-to-day management of the Fund’s portfolio the Fund from potential litigation in connection with the process of exploring strategic options or any resulting transaction, among other risks and uncertainties noted above, and the factors discussed in the Fund’s filings with the Securities and Exchange more fully described are available at http://www.sec.gov and the Investor Relations S section of the Fund’s corporate website. Except as required by law, the Fund undertakes no obligation to update these forward-looking statements or to update the reasons that cause actual results to differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Accordingly, undue reliance should not be placed on forward-looking statements.

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