Brookfield Australian Opportunities Fund

Brookfield Australian Opportunities Fund (“the Fund” or “BAO”) is a listed property trust that predominantly invests in unlisted property securities, providing investors with exposure to a highly diversified investment portfolio and the liquidity benefits of an ASX listing.

As at 31 December 2011, the Fund's total investment portfolio on a standalone basis has a carrying value of $130.5 million; $27.5 million is attributed to the Fund's A-REIT portfolio and $103.0 million is attributed to the Fund's unlisted portfolio.

FUND SNAPSHOT (as at 31 December 2011)
Fund size on standalone basis (net assets)	$110.3 million
Market capitalisation	$38.9 million
Closing price	$0.048
NTA per unit	$0.136
Units on issue	811.4 million
Distributions	Remains suspended1

 

1. The distribution stopper arising from the Fund’s investment in the Multiplex Property Income Fund (MPIF) remains in effect. The Fund owns 100% of the ordinary units of MPIF. Income unit holders in MPIF have a targeted monthly priority distribution payment (PDP). In circumstances where MPIF distributes less than the PDP, the Fund is prevented from making distributions to its unit holders unless the shortfall has been met. The distribution stopper will remain in place until any shortfall in the PDP for the preceding 12 months has been paid to income unit holders of MPIF.

Management continues to review strategies to allow distributions to be restored to investors and will assess the costs and benefits of implementing any strategy prior to restoring distributions.