UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORMN-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number811-22570
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUND INC.
(Exact name of registrant as specified in charter)
BROOKFIELD PLACE
250 VESEY STREET, 15th Floor
NEW YORK, NEW YORK 10281-1023
(Address of principal executive offices) (Zip code)
BRIAN F. HURLEY, PRESIDENT
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUND INC.
BROOKFIELD PLACE
250 VESEY STREET 15th Floor
NEW YORK, NEW YORK 10281-1023
(Name and address of agent for service)
Registrant’s telephone number, including area code: (855)777-8001
Date of fiscal year end: December 31
Date of reporting period: June 30, 2019
Item 1. Reports to Shareholders.
Income Fund Inc.
Portfolio Characteristics (Unaudited)
PORTFOLIO STATISTICS | |
Annualized distribution rate1 | 7.66% |
Percentage of leveraged assets | 25.90% |
Total number of holdings | 42 |
ASSET ALLOCATION BY GEOGRAPHY | Percent of Net Assets |
United States | 73.3% |
Canada | 14.2% |
France | 14.2% |
United Kingdom | 9.4% |
Spain | 7.8% |
Italy | 4.4% |
New Zealand | 3.8% |
Australia | 3.5% |
Brazil | 1.7% |
Luxembourg | 1.3% |
Mexico | 1.1% |
United Arab Emirates | 0.4% |
Liabilities in Excess of Other Assets | (35.1)% |
Total | 100.0% |
ASSET ALLOCATION BY SECTOR | |
Pipeline (MLP) | 23.8% |
Renewables/Electric Generation | 22.7% |
Toll Roads | 21.7% |
Electricity Transmission & Distribution | 18.3% |
Pipelines | 16.8% |
Communications | 12.2% |
Midstream | 5.2% |
Gas Utilities | 4.4% |
Water | 4.2% |
Airports | 3.8% |
Money Market Fund | 0.8% |
Services | 0.8% |
Ports | 0.4% |
Liabilities in Excess of Other Assets | (35.1)% |
Total | 100.0% |
TOP TEN HOLDINGS | |
American Tower Corp. | 8.4% |
Energy Transfer LP | 8.0% |
Sempra Energy | 7.6% |
Vinci SA | 7.2% |
National Grid PLC | 6.7% |
Enterprise Products Partners LP | 6.5% |
Inter Pipeline Ltd. | 6.2% |
Kinder Morgan, Inc. | 5.7% |
The Williams Companies, Inc. | 5.2% |
Pembina Pipeline Corp. | 4.9% |
Schedule of Investments (Unaudited)
Shares | Value | |||||
COMMON STOCKS – 134.3% | ||||||
AUSTRALIA – 3.5% | ||||||
Toll Roads – 3.5% | ||||||
Transurban Group | 686,472 | $7,108,015 | ||||
Total AUSTRALIA | 7,108,015 | |||||
BRAZIL – 1.7% | ||||||
Electricity Transmission & Distribution – 1.4% | ||||||
CPFL Energia SA | 351,051 | 2,760,906 | ||||
Renewables/Electric Generation – 0.3% | ||||||
Neoenergia SA | 166,700 | 679,614 | ||||
Total BRAZIL | 3,440,520 | |||||
CANADA – 14.2% | ||||||
Pipelines – 11.1% | ||||||
Inter Pipeline Ltd. | 806,200 | 12,540,410 | ||||
Pembina Pipeline Corp.(c) | 266,100 | 9,905,979 | ||||
Total Pipelines | 22,446,389 | |||||
Renewables/Electric Generation – 3.1% | ||||||
Emera, Inc.(c) | 153,000 | 6,251,789 | ||||
Total CANADA | 28,698,178 | |||||
FRANCE – 14.2% | ||||||
Communications – 2.5% | ||||||
Eutelsat Communications SA | 267,500 | 4,995,856 | ||||
Renewables/Electric Generation – 2.8% | ||||||
Engie SA(c) | 375,700 | 5,696,926 | ||||
Toll Roads – 8.9% | ||||||
Getlink SE | 215,500 | 3,451,986 | ||||
Vinci SA(c) | 141,700 | 14,471,214 | ||||
Total Toll Roads | 17,923,200 | |||||
Total FRANCE | 28,615,982 | |||||
ITALY – 4.4% | ||||||
Toll Roads – 4.4% | ||||||
Atlantia SpA(c) | 336,800 | 8,782,513 | ||||
Total ITALY | 8,782,513 | |||||
LUXEMBOURG – 1.3% | ||||||
Communications – 1.3% | ||||||
SES SA | 172,800 | 2,698,523 | ||||
Total LUXEMBOURG | 2,698,523 | |||||
MEXICO – 1.1% | ||||||
Toll Roads – 1.1% | ||||||
Promotora y Operadora de Infraestructura SAB de CV | 230,000 | 2,289,724 | ||||
Total MEXICO | 2,289,724 | |||||
NEW ZEALAND – 3.8% | ||||||
Airports – 3.8% | ||||||
Auckland International Airport Ltd.(c) | 1,140,800 | 7,552,387 | ||||
Total NEW ZEALAND | 7,552,387 |
Schedule of Investments (Unaudited) (continued)
Shares | Value | |||||
COMMON STOCKS (continued) | ||||||
SPAIN – 7.8% | ||||||
Electricity Transmission & Distribution – 2.6% | ||||||
Red Electrica Corporation SA | 253,800 | $5,286,177 | ||||
Renewables/Electric Generation – 1.4% | ||||||
Atlantica Yield PLC | 126,700 | 2,872,289 | ||||
Toll Roads – 3.8% | ||||||
Ferrovial SA(c) | 298,836 | 7,649,790 | ||||
Total SPAIN | 15,808,256 | |||||
UNITED ARAB EMIRATES – 0.4% | ||||||
Ports – 0.4% | ||||||
DP World PLC | 45,542 | 724,118 | ||||
Total UNITED ARAB EMIRATES | 724,118 | |||||
UNITED KINGDOM – 9.4% | ||||||
Electricity Transmission & Distribution – 6.7% | ||||||
National Grid PLC(c) | 1,262,594 | 13,427,570 | ||||
Water – 2.7% | ||||||
Pennon Group PLC(c) | 582,700 | 5,495,933 | ||||
Total UNITED KINGDOM | 18,923,503 | |||||
UNITED STATES – 72.5% | ||||||
Communications – 8.4% | ||||||
American Tower Corp.(c) | 83,000 | 16,969,350 | ||||
Electricity Transmission & Distribution – 7.6% | ||||||
Sempra Energy(c) | 111,183 | 15,280,992 | ||||
Gas Utilities – 4.4% | ||||||
NiSource, Inc.(c) | 312,600 | 9,002,880 | ||||
Midstream – 5.2% | ||||||
The Williams Companies, Inc.(c) | 374,400 | 10,498,176 | ||||
Pipeline (MLP) – 23.8% | ||||||
CNX Midstream Partners LP | 113,498 | 1,594,647 | ||||
Energy Transfer LP(c) | 1,149,952 | 16,191,324 | ||||
Enterprise Products Partners LP(c) | 457,200 | 13,199,364 | ||||
Magellan Midstream Partners LP | 85,700 | 5,484,800 | ||||
MPLX LP(c) | 181,500 | 5,842,485 | ||||
Plains All American Pipeline LP(c) | 233,400 | 5,683,290 | ||||
Teekay Offshore Partners LP | 107,567 | 135,535 | ||||
Total Pipeline (MLP) | 48,131,445 | |||||
Pipelines – 5.7% | ||||||
Kinder Morgan, Inc.(c) | 552,000 | 11,525,760 | ||||
Renewables/Electric Generation – 15.1% | ||||||
American Electric Power Company, Inc.(c) | 76,700 | 6,750,367 | ||||
Dominion Energy, Inc.(c) | 82,600 | 6,386,632 | ||||
Entergy Corp.(c) | 86,600 | 8,913,738 | ||||
FirstEnergy Corp.(c) | 86,700 | 3,711,627 | ||||
Pattern Energy Group, Inc.(c) | 202,327 | 4,671,730 | ||||
Total Renewables/Electric Generation | 30,434,094 |
Schedule of Investments (Unaudited) (continued)
Shares | Value | |||||
COMMON STOCKS (continued) | ||||||
Services – 0.8% | ||||||
Archrock, Inc.(c) | 146,160 | $1,549,296 | ||||
Water – 1.5% | ||||||
Aqua America, Inc. | 73,290 | 3,032,007 | ||||
Total UNITED STATES | 146,424,000 | |||||
Total COMMON STOCKS (Cost $239,695,299) | 271,065,719 | |||||
SHORT-TERM INVESTMENT – 0.8% | ||||||
UNITED STATES – 0.8% | ||||||
Money Market Fund – 0.8% | ||||||
First American Treasury Obligations Fund, Class X, 2.27%(y) | 1,706,899 | 1,706,899 | ||||
Total UNITED STATES | 1,706,899 | |||||
Total SHORT-TERM INVESTMENT (Cost $1,706,899) | 1,706,899 |
WARRANTS – 0.0% | ||||||
UNITED STATES – 0.0% | ||||||
Pipeline (MLP) – 0.0% | ||||||
Teekay Offshore Partners LP, Series A(f),(n),(p) Expiration: June 2023 Exercise Price: $4.55 | 276,272 | 27,627 | ||||
Teekay Offshore Partners LP, Series B(f),(n),(p) Expiration: June 2023 Exercise Price: $4.55 | 138,136 | 13,814 | ||||
Total Pipeline (MLP) | 41,441 | |||||
Total UNITED STATES | 41,441 | |||||
Total WARRANTS (Cost – $0) | 41,441 | |||||
Total Investments – 135.1% (Cost $241,402,198) | 272,814,059 | |||||
Liabilities in Excess of Other Assets – (35.1)% | (70,923,926) | |||||
TOTAL NET ASSETS – 100.0% | $201,890,133 |
LP— Limited Partnership |
MLP— Master Limited Partnership |
(c) | — All or a portion of this security is pledged as collateral for credit facility. As of June 30, 2019, the total value of the collateral was $169,038,200. |
(y) | — The rate quoted is the annualized seven-day yield as of June 30, 2019. |
(f) | — Security fair valued in good faith pursuant to the fair value procedures adopted by the Board of Directors. As of June 30, 2019, the total value of all such securities was $41,441 or 0.0% of net assets. |
(p) | — Restricted security. Purchased in a private placement transaction; resale to the public may require registration. As of June 30, 2019, the total value of all such securities was $41,441 or 0.0% of net assets. |
(n) | — Non-income producing security. |
Statement of Assets and Liabilities (Unaudited)
Assets: | |
Investments in securities, at value (cost $241,402,198) | $272,814,059 |
Dividends and interest receivable | 1,271,382 |
Prepaid expenses | 18,029 |
Total assets | 274,103,470 |
Liabilities: | |
Payable for credit facility (Note 6) | 71,000,000 |
Payable for credit facility interest | 189,770 |
Payable for investments purchased | 679,614 |
Investment advisory fee payable | 221,918 |
Administration fee payable | 33,287 |
Directors' fee payable | 8,828 |
Accrued expenses | 79,920 |
Total liabilities | 72,213,337 |
Commitments and contingencies (Note 9) | |
Net Assets | $201,890,133 |
Composition of Net Assets: | |
Paid-in capital | 189,734,996 |
Accumulated distributable earnings | 12,155,137 |
Net Assets | $201,890,133 |
Shares Outstanding and Net Asset Value Per Share: | |
Shares outstanding | 13,483,223 |
Net asset value per share | $14.97 |
Statement of Operations (Unaudited)
Investment Income: | |
Dividends (net of foreign withholding tax of $355,767) | $4,308,620 |
Distributions from master limited partnerships | 2,235,813 |
Total dividends and distributions | 6,544,433 |
Less return of capital on distributions | (2,235,813) |
Interest | 85,179 |
Total investment income | 4,393,799 |
Expenses: | |
Investment advisory fees (Note 4) | 1,306,356 |
Administration fees (Note 4) | 195,953 |
Directors' fees | 54,621 |
Audit and tax services | 45,639 |
Legal fees | 38,245 |
Reports to shareholders | 27,984 |
Miscellaneous | 23,527 |
Custodian fees | 15,105 |
Registration fees | 12,398 |
Fund accounting fees | 9,954 |
Transfer agent fees | 9,122 |
Insurance | 4,901 |
Total expenses before interest expense | 1,743,805 |
Interest expense on credit facility (Note 6) | 1,180,398 |
Total expenses | 2,924,203 |
Net investment income | 1,469,596 |
Realized and Unrealized Gain (Loss): | |
Net realized gain (loss) on: | |
Investments | 5,602,442 |
Foreign currency transactions | (24,848) |
Net realized gain | 5,577,594 |
Net change in unrealized appreciation on: | |
Investments | 37,327,077 |
Foreign currency translations | 5,995 |
Net change in unrealized appreciation | 37,333,072 |
Net realized and unrealized gain | 42,910,666 |
Net increase in net assets resulting from operations | $44,380,262 |
Statements of Changes in Net Assets
For the Six Months Ended June 30, 2019 (Unaudited) | For the Year Ended December 31, 2018 | ||
Increase (Decrease) in Net Assets Resulting from Operations: | |||
Net investment income | $1,469,596 | $1,602,364 | |
Net realized gain | 5,577,594 | 8,172,547 | |
Net change in unrealized appreciation (depreciation) | 37,333,072 | (32,494,461) | |
Net increase (decrease) in net assets resulting from operations | 44,380,262 | (22,719,550) | |
Distributions to Shareholders from: | |||
Distributable earnings | (6,609,476)1 | (2,748,430) | |
Return of capital | — | (10,723,017) | |
Total distributions paid | (6,609,476) | (13,471,447) | |
Capital Share Transactions: | |||
Cost of shares repurchased (Note 7) | — | (3,712,575) | |
Net decrease in net assets from capital share transactions | — | (3,712,575) | |
Total increase (decrease) in net assets | 37,770,786 | (39,903,572) | |
Net Assets: | |||
Beginning of period | 164,119,347 | 204,022,919 | |
End of period | $201,890,133 | $164,119,347 | |
Share Transactions | |||
Shares repurchased (Note 7) | — | (316,017) |
1 | The tax character of the distributions paid will be determined during the Fund’s fiscal year end. |
Statement of Cash Flows (Unaudited)
Increase (Decrease) in Cash: | |
Cash flows provided by (used for) operating activities: | |
Net increase in net assets resulting from operations | $44,380,262 |
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities: | |
Purchases of long-term portfolio investments | (53,853,340) |
Proceeds from disposition of long-term portfolio investments | 56,832,489 |
Net purchases and sales of short-term portfolio investments | (577,960) |
Return of capital distributions from portfolio investments | 2,235,813 |
Increase dividends and interest receivable | (303,032) |
Increase in prepaid expenses | (16,435) |
Increase in payable for credit facility interest | 159,100 |
Increase in investment advisory fee payable | 8,783 |
Increase in administration fee payable | 1,318 |
Decrease in directors' fee payable | (438) |
Decrease in accrued expenses | (24,422) |
Net change in unrealized appreciation on investments | (37,327,077) |
Net realized gain on investments | (5,585,197) |
Net cash provided by operating activities | 6,609,476 |
Cash flows used for financing activities: | |
Distributions paid to shareholders | (6,909,476) |
Net cash used for financing activities | (6,909,476) |
Net decrease in cash | — |
Cash at the beginning of period | — |
Cash at the end of period | $— |
Supplemental Disclosure of Cash Flow Information: | |
Interest payments for the six months ended June 30, 2019 totaled $1,021,298. |
Financial Highlights
For the Six Months Ended June 30, 2019 | For the Year Ended December 31, | ||||||||||
(Unaudited) | 2018 | 2017 | 2016 | 2015 | 2014 | ||||||
Per Share Operating Performance: | |||||||||||
Net asset value, beginning of period | $12.17 | $14.79 | $13.94 | $14.20 | $22.95 | $22.35 | |||||
Net investment income1 | 0.11 | 0.12 | 0.19 | 0.18 | 0.28 | 0.38 | |||||
Net realized and unrealized gain (loss) on investment transactions | 3.18 | (1.76) | 1.71 | 0.96 | (6.18) | 2.28 | |||||
Net increase (decrease) in net asset value resulting from operations | 3.29 | (1.64) | 1.90 | 1.14 | (5.90) | 2.66 | |||||
Distributions from net investment income | (0.49) | (0.20) | (0.27) | — | (0.22) | (1.16) | |||||
Distributions from net realized gains | — | — | — | — | — | (0.78) | |||||
Return of capital distributions | — | (0.78) | (0.78) | (1.40) | (1.18) | (0.12) | |||||
Total distributions paid | (0.49) | (0.98) | (1.05) | (1.40) | (1.40) | (2.06) | |||||
Dilution due to rights offering | — | — | — | — | (1.45)2 | — | |||||
Net asset value, end of period | $14.97 | $12.17 | $14.79 | $13.94 | $14.20 | $22.95 | |||||
Market price, end of period | $12.80 | $10.13 | $12.93 | $12.83 | $11.75 | $20.89 | |||||
Total Investment Return based on Net Asset Value# | 27.25%5 | -11.71% | 13.73% | 8.35% | -33.26% | 11.57% | |||||
Total Investment Return based on Market Price† | 31.49%5 | -15.01% | 8.92% | 22.45% | -38.62% | 15.91% | |||||
Ratios to Average Net Assets/Supplementary Data: | |||||||||||
Net assets, end of period (000s) | $201,890 | $164,119 | $204,023 | $192,348 | $195,883 | $237,399 | |||||
Operating expenses excluding interest expense | 1.83%4 | 1.88% | 1.89% | 1.85% | 1.85% | 1.71% | |||||
Interest expense | 1.24%4 | 1.25% | 0.78% | 0.73% | 0.46% | 0.32% | |||||
Total expenses | 3.07%4 | 3.13% | 2.67% | 2.58% | 2.31% | 2.03% | |||||
Net investment income | 1.54%4 | 0.83% | 1.28% | 1.30% | 1.47% | 1.51% | |||||
Portfolio turnover rate | 21%5 | 36% | 70% | 93% | 46% | 19% | |||||
Credit facility, end of period (000s) | $71,000 | $71,000 | $78,000 | $78,000 | $82,000 | $90,000 | |||||
Asset coverage per $1,000 unit of senior indebtedness3 | $3,844 | $3,312 | $3,616 | $3,466 | $3,389 | $3,638 |
# | Total investment return based on net asset value (“NAV”) is the combination of changes in NAV, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. The actual reinvestment price for the last dividend declared in the period may often be based on the Fund’s market price (and not its NAV), and therefore may be different from the price used in the calculation. Total investment return excludes the effects of sales charges or contingent deferred sales charges, if applicable. |
† | Total investment return based on market price is the combination of changes in the New York Stock Exchange (“NYSE”) market price per share and the effect of reinvested dividend income and reinvested capital gains distributions, if any, at the average price paid per share at the time of reinvestment. The actual reinvestment for the last dividend declared in the period may take place over several days as described in the Fund’s dividend reinvestment plan, and in some instances may not be based on the market price, so the actual reinvestment price may be different from the price used in the calculation. Total investment return excludes the effect of broker commissions. |
1 | Per share amounts presented are based on average shares outstanding throughout the period indicated. |
2 | Effective as of the close of business on April 21, 2015, the Fund issued transferrable rights to its stockholders to subscribe for up to 3,454,000 shares at a rate of one share for every 3 rights held. The subscription price was initially set at 90% of the average closing price for the last 5 trading days of the offering period. However as the subscription price was less than 78% of the NAV of the Fund's common shares at the close of trading on the NYSE on the expiration date, the subscription price was 78% of the Fund's NAV at the close of trading on that day. The shares were subscribed at a price of $17.20 which was less than the May 22, 2015 NAV of $22.05 thus creating a dilutive effect on the NAV. |
3 | Calculated by subtracting the Fund's total liabilities (not including borrowings) from the Fund's total assets and dividing by the total number of senior indebtedness units, where one unit equals $1,000 of senior indebtedness. |
4 | Annualized. |
5 | Not annualized. |
Notes to Financial Statements (Unaudited)
Notes to Financial Statements (Unaudited) (continued)
Notes to Financial Statements (Unaudited) (continued)
Level 1 - | quoted prices in active markets for identical assets or liabilities |
Level 2 - | quoted prices in markets that are not active or other significant observable inputs (including, but not limited to: quoted prices for similar assets or liabilities, quoted prices based on recently executed transactions, interest rates, credit risk, etc.) |
Level 3 - | significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of assets or liabilities) |
Notes to Financial Statements (Unaudited) (continued)
Description | Level 1 | Level 2 | Level 3 | Total | |||
Common Stocks: | |||||||
Australia | $— | $7,108,015 | $ — | $7,108,015 | |||
Brazil | 2,760,906 | 679,614 | — | 3,440,520 | |||
Canada | 28,698,178 | — | — | 28,698,178 | |||
France | — | 28,615,982 | — | 28,615,982 | |||
Italy | — | 8,782,513 | — | 8,782,513 | |||
Luxembourg | — | 2,698,523 | — | 2,698,523 | |||
Mexico | 2,289,724 | — | — | 2,289,724 | |||
New Zealand | — | 7,552,387 | — | 7,552,387 | |||
Spain | 2,872,289 | 12,935,967 | — | 15,808,256 | |||
United Arab Emirates | 724,118 | — | — | 724,118 | |||
United Kingdom | 5,495,933 | 13,427,570 | — | 18,923,503 | |||
United States | 146,424,000 | — | — | 146,424,000 | |||
Total Common Stocks | 183,769,215 | 87,296,504 | — | 271,065,719 | |||
Money Market Fund: | |||||||
United States | 1,706,899 | — | — | 1,706,899 | |||
Warrants: | |||||||
United States | — | 41,441 | — | 41,441 | |||
Total | $185,476,114 | $87,337,945 | $— | $272,814,059 |
Notes to Financial Statements (Unaudited) (continued)
Notes to Financial Statements (Unaudited) (continued)
Notes to Financial Statements (Unaudited) (continued)
Notes to Financial Statements (Unaudited) (continued)
Ordinary income (including short-term capital gains) | $2,748,430 |
Return of capital | 10,723,017 |
Total | $13,471,447 |
Notes to Financial Statements (Unaudited) (continued)
Capital loss carryforward(1) | $(18,579,389) |
Other accumulated losses | (8,858,743) |
Total tax basis unrealized appreciation on investments and foreign currency | 1,822,483 |
Total tax basis accumulated losses | $(25,615,649) |
Cost of Investments | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation |
$232,716,304 | $28,336,040 | $(26,513,557) | $1,822,483 |
Distribution Per Share | Record Date | Payable Date |
$0.0817 | July 17, 2019 | July 25, 2019 |
$0.0817 | August 14, 2019 | August 22, 2019 |
Compliance Certification (Unaudited)
Proxy Results (Unaudited)
Shares Voted For | Shares Voted Against | Shares Voted Abstain | ||
1. | To elect to the Fund's Board of Directors Edward A. Kuczmarski | 9,871,242 | 1,360,356 | 173,519 |
2. | To elect to the Fund's Board of Directors Stuart A. McFarland | 9,831,445 | 1,399,384 | 174,288 |
Board Considerations Relating to the Investment Advisory Agreement (Unaudited)
Board Considerations Relating to the Investment Advisory Agreement (Unaudited) (continued)
Board Considerations Relating to the Investment Advisory Agreement (Unaudited) (continued)
Board Considerations Relating to the Investment Advisory Agreement (Unaudited) (continued)
Dividend Reinvestment Plan (Unaudited)
Joint Notice of Privacy Policy (Unaudited)
• | Information we receive from you in applications or other forms, correspondence or conversations, including but not limited to name, address, phone number, social security number, assets, income and date of birth. |
• | Information about transactions with us, our affiliates, or others, including but not limited to account number, balance and payment history, parties to transactions, cost basis information, and other financial information. |
• | Information we may receive from our due diligence, such as your creditworthiness and your credit history. |
• | Unaffiliated service providers (e.g. transfer agents, securities broker-dealers, administrators, investment advisors or other firms that assist us in maintaining and supporting financial products and services provided to you); |
• | Government agencies, other regulatory bodies and law enforcement officials (e.g. for reporting suspicious transactions); |
• | Other organizations, with your consent or as directed by you; and |
• | Other organizations, as permitted or required by law (e.g. for fraud protection) |
Directors of the Fund | |
Edward A. Kuczmarski | Chairman |
Louis P. Salvatore | Audit Committee Chairman |
Heather S. Goldman | Director |
Stuart A. McFarland | Director |
David W. Levi | Director (Interested) |
Officers of the Fund | |
Brian F. Hurley | President |
Angela W. Ghantous | Treasurer |
Casey P. Tushaus | Assistant Treasurer |
Mohamed S. Rasul | Assistant Treasurer |
Thomas D. Peeney | Secretary |
Adam R. Sachs | Chief Compliance Officer |
Item 2. Code of Ethics.
Not applicable for semi-annual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semi-annual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semi-annual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this Form.
Item 7. Disclosure of Proxy Voting Policies and Procedures forClosed-End Management Investment Companies.
Not applicable for semi-annual reports.
Item 8. Portfolio Managers ofClosed-End Management Investment Companies.
Not applicable for semi-annual reports.
Item 9. Purchases of Equity Securities byClosed-End Management Investment Company and Affiliated Purchasers.
None.
Item 10. Submission of Matters to a Vote of Security Holders.
There were no material changes to the procedures by which stockholders may recommend nominees to the Registrant’s Board of Trustees that were implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of RegulationS-K (17 CFR 229.407) (as required by 22(b)(16)) of Schedule 14A (17 CFR240.14a- 101), or this Item 10.
Item 11. Controls and Procedures.
(a) The Registrant’s principal executive officer and principal financial officer have concluded that the Registrant’s Disclosure Controls and Procedures are effective, based on their evaluation of such Disclosure Controls and Procedures as of a date within 90 days of the filing of this report on FormN-CSR.
(b) As of the date of filing this FormN-CSR, the Registrant’s principal executive officer and principal financial officer are aware of no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s second fiscal quarter of the period covered by this report that has materially affected or is reasonably likely to materially affect the Registrant’s internal control over financial reporting.
Item 12. Disclosure of Securities Lending Activities forClosed-End Management Investment Companies
Not applicable.
Item 13. Exhibits.
(a)(1) None.
(2) A separate certification for each principal executive officer and principal financial officer of the Registrant as required byRule 30a-2(a) under the Investment Company Act of 1940 is attached as an exhibit to this FormN-CSR.
(3) Not applicable.
(b) A separate certification for each principal executive officer and principal financial officer of the Registrant as required byRule 30a-2(b) under the Investment Company Act of 1940 is attached as an exhibit to this FormN-CSR.
(4) Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUND INC.
By: | /s/ Brian F. Hurley | |
Brian F. Hurley President and Principal Executive Officer |
Date: September 5, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: | /s/ Brian F. Hurley | |
Brian F. Hurley President and Principal Executive Officer |
Date: | September 5, 2019 |
By: | /s/ Angela W. Ghantous | |
Angela W. Ghantous Treasurer and Principal Financial Officer |
Date: | September 5, 2019 |