NEW YORK, NY—October 22, 2012—Helios Total Return Fund, Inc. (HTR) (the “Fund”) announces the completion of its transferable rights offering (the “Offer”) which raised approximately $75 million of gross proceeds. The record date of the Offer was September 20, 2012 (“Record Date”), and the Offer expired on October 19, 2012 (the “Expiration Date”). Shareholders of record received one right for each outstanding share of common stock (“Common Share”) owned as of 5:00 p.m. Eastern time on the Record Date. The rights entitled holders to purchase one new Common Share of the Fund for every three rights held (1-for-3), except that record date common shareholders who were issued fewer than three rights were entitled to subscribe for one common share of the Fund. The subscription price was $21.50 per Common Share and was determined based upon a formula equal to 90% of the average of the last reported sales price of a common share of the Fund on the NYSE on the Expiration Date and each of the four preceding trading days. The Offer was oversubscribed. Common Shares will be issued promptly after completion of shareholder payments expected on or about Friday, October 26, 2012.
About the Fund: Helios Total Return Fund, Inc. is a diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, and was organized as a corporation under the laws of the State of Maryland on May 26, 1989. The Fund’s primary investment objective is to provide high total return, including short- and long-term capital gains and a high level of current income, through the management of a portfolio of securities. The Fund seeks to achieve its investment objective by investing and actively managing a portfolio consisting primarily of US Treasury, mortgage-backed, asset-backed and high-yield corporate securities.
Brookfield is a global alternative asset manager with over $150 billion in assets under management as of June 30, 2012. We have over a 100-year history of owning and operating assets with a focus on property, renewable power, infrastructure and private equity. We offer a range of public and private investment products and services, which leverage our expertise and experience and provide us with a distinct competitive advantage in the markets where we operate. On behalf of our clients, Brookfield is also an active investor in the public securities markets, where our experience extends over 30 years. Over this time, we have successfully developed several investment operations and built expertise in the management of institutional portfolios, retail mutual funds, and structured product investments.
Through our SEC-registered investment advisor, Brookfield Investment Management, our public market activities complement our core competencies as a direct investor. These activities encompass global listed real estate and infrastructure equities, corporate high yield investments, opportunistic credit strategies and a dedicated insurance asset management division. Headquartered in New York, New York, Brookfield Investment Management maintains offices and investment teams in Toronto, Chicago, Boston and London. Helios Total Return Fund, Inc. is managed by Brookfield Investment Management.
The Fund uses its web site 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.
Investors should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. This information, including other information about the Fund, can be found on file with the Securities and Exchange Commission and should be read carefully before investing.
This communication is not an offer to sell Common Shares and is not soliciting an offer to buy Common Shares in any state where the offer or sale is not permitted.
Helios Total Return Fund, Inc.
Three World Financial Center
200 Vesey Street
New York, NY 10281-1010