New York, NY
- Paul Hastings LLP, a leading global law firm, announced today that the firm represented Brookfield Investment Management Inc. in the reorganizations of five closed-end funds.
The reorganization of each of Helios Advantage Income Fund, Inc. (NYSE:HAV), Helios High Income Fund, Inc. (NYSE:HIH), Helios Multi-Sector High Income Fund, Inc. (NYSE:HMH), and Helios Strategic Income Fund, Inc. (NYSE:HSA) into Brookfield High Income Fund Inc. (“HHY”) added approximately $200 million in assets to HHY.
These reorganizations not only offer the investors a more cost efficient investment vehicle, but also reflect Brookfield’s continued vision toward product rationalization.
Investment Management Chair and partner Michael Rosella
and associate Rachael Schwartz
advised on the transaction.
Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.