Shaker Financial Services buys $2,277,949 stake in Brookfield High Income Fund Inc (HHY)

Brookfield High Income Fund Inc (HHY) : Shaker Financial Services scooped up 49,860 additional shares in Brookfield High Income Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 309,504 shares of Brookfield High Income Fund Inc which is valued at $2,277,949.Brookfield High Income Fund Inc makes up approximately 1.54% of Shaker Financial Services’s portfolio.

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Brookfield High Income Fund Inc (the Fund) formerly Helios High Yield Fund is a non-diversified closed-end management investment company. The Fund seeks a primary objective of high current income. The Fund will also seek capital growth to the extent it is consistent with its primary investment objective. The Fund will invest primarily in high-yield bonds debentures notes corporate loans convertible debentures and other debt instruments rated below-investment grade or determined by the Fund’s investment manager to be of comparable quality. The Fund may invest up to 30% of its total assets in the securities including high-yield obligations of issuers domiciled outside of the United States. The Fund may also invest up to 10% of its total assets in securities that are the subject of bankruptcy proceedings or in default. The Fund’s investment advisor is Brookfield Investment Management Inc.

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