Negative
Seeking Alpha
2 months ago
RA: The Fund Is Paying Out More Than It Earns (Rating Downgrade)
Brookfield Real Assets Income Fund is downgraded to a sell due to persistent NAV decline and unsustainable dividend coverage. RA's high 10.7% yield is attractive, but earnings consistently fall short of payouts, risking further capital erosion and potential dividend cuts. Aggressive leverage, high expense ratio, and significant exposure to below-investment-grade assets amplify risk, especially in a high-rate environment.