Paul Hastings Represents Brookfield Investment Management Inc. in the Reorganization of Five Closed-End Funds

August 15, 2014
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.

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