Paul Hastings, a leading global law firm, announced today that the firm represented Brookfield Investment Management Inc. in connection with the completion of a $420 million common stock offering for the Brookfield Mortgage Opportunity Income Fund Inc., a newly-organized, diversified closed-end management investment company that seeks to capitalize on the recovery in the U.S. residential and commercial real estate markets by investing primarily in a portfolio of mortgage-related investments.
Assuming full exercise of the underwriters’ overallotment option, which may or may not occur, the Fund will have raised approximately $483 million. The initial public offering was co-led by Wells Fargo Securities, LLC and UBS Securities LLC.
Investment Management partner Michael Rosella led the Paul Hastings team, which also included associates Christopher Tafone and Rachael Schwartz.
