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Brookfield Select Opportunities Income Fund Announces Exercise of Over-Allotment Option

TORONTO, ONTARIO -- (Marketwired) -- 06/10/14 -- Brookfield Investment Management (Canada) Inc. (the "Manager") is pleased to announce that Brookfield Select Opportunities Income Fund (TSX:BSO.UN) (the "Fund") has issued an additional 450,000 units of the Fund (the "Units") pursuant to an exercise of the over-allotment option by the syndicate of agents. In total, the Fund has issued 19,200,000 Units pursuant to its initial public offering, yielding gross proceeds of $192,000,000. 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 focuses on, but is not limited to, investments in high yield corporate debt and publicly-listed equity securities of infrastructure and real estate companies. The Portfolio is actively managed by the Manager.

The Fund's investment objectives are to:

(i) provide holders of the Units (the "Unitholders") with quarterly cash distributions;

(ii) maximize total return for Unitholders through distributions and capital appreciation; and

(iii) preserve capital.

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 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.

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