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Brookfield High Yield Strategic Income Fund Announces Average Net Asset Value and Status of Annual Redemption Condition

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TORONTO, ONTARIO--(Marketwired - June 3, 2016) - Brookfield Investment Management (Canada) Inc. (the "Manager") announces that the simple average of the net asset values of the units of the Brookfield High Yield Strategic Income Fund (the "Fund") on each of the Thursdays occurring in the month of May was $7.43. As a result, the annual redemption condition applicable to the units of the Fund has been triggered. Units may only be redeemed on an Annual Redemption Date (the last business day of July), if the simple average of the net asset values of the units of the Fund on each of the Thursdays occurring in the month of May preceding the Annual Redemption Date is less than $10.00. Units of the Fund must be surrendered for redemption by Thursday, July 7th, 2016. Payment of the proceeds will be made on or before the 15th business day of August.

The Fund obtains economic exposure to a portfolio (the "Portfolio") of North American high yield debt through a forward agreement (the "Forward Agreement"). The Fund's investment objectives are to provide unitholders with tax-advantaged quarterly cash distributions, to maximize total return to unitholders through distributions and capital appreciation and to preserve capital. The Portfolio is actively managed by Brookfield Investment Management Inc.

Brookfield Investment Management (Canada) Inc., an affiliate of Brookfield Asset Management Inc. an affiliate of Brookfield Investment Management Inc. ("collectively "the Firm") is the manager and investment manager of the Fund.

The Firm provides real assets public securities strategies including global listed real estate and infrastructure equities as well as corporate credit and securitized credit. With over $16 billion of assets under management as of March 31, 2016, the Firm manages institutional separate accounts, registered funds and other investment products for clients, including financial institutions, public and private pension plans, insurance companies, endowments and foundations, sovereign wealth funds and high net-worth investors. Headquartered in New York, NY, the Firm and its affiliates also maintain offices in Boston, Chicago, London and Toronto.

The Fund uses its website as a channel of distribution of material company information. Financial and other material information regarding the Fund is routinely posted on and accessible at www.brookfieldim.com.

The Firm is a wholly-owned subsidiary of Brookfield Asset Management, a leading global alternative asset manager with $240 billion of assets under management as of March 31, 2016. For more information, go to www.Brookfield.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Brookfield Place
250 Vesey Street, 15th Floor
New York, NY 10281-1023
(855) 777-8001
funds@brookfield.com

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