Brookfield Real Assets Income Fund Inc. Schedule 13G: Sit Investment Associates, Inc. and its subsidiary Sit Fixed Income Advisors II, LLC report shared beneficial ownership of 2,855,236 shares of Common Stock, equal to 5.2% of the class. Shares outstanding were 55,254,696 as of December 31, 2025.
The filing states the reported shares are owned by client Accounts advised by SIA and SFI, which possess shared voting and dispositive power; both entities disclaim beneficial ownership pursuant to Rule 13d-4. The filing is signed by Paul E. Rasmussen on April 6, 2026.
Positive
None.
Negative
None.
Insights
Holdings disclosure: passive, shared advisory control over 2.86M shares (5.2%).
Sit Investment Associates and Sit Fixed Income Advisors II report 2,855,236 shares and 5.2% ownership based on December 31, 2025 outstanding shares. The filing frames the position as advisory client Accounts with shared voting and dispositive power rather than direct proprietary ownership.
Under Rule 13d-4 the advisers disclaim beneficial ownership, indicating a passive reporting profile common for registered investment advisers. Subsequent filings or client-level disclosures would be needed to see if any coordinated activity or greater control exists.
Key Figures
Shares reported:2,855,236 sharesOwnership percentage:5.2%Shares outstanding:55,254,696 shares+1 more
4 metrics
Shares reported2,855,236 sharesReported beneficially owned by SIA/SFI
Ownership percentage5.2%Percent of class based on outstanding shares as of <date>December 31, 2025</date>
Shares outstanding55,254,696 sharesOutstanding shares as of <date>December 31, 2025</date>
Filing signature date04/06/2026Signature date listed on Schedule 13G
Key Terms
beneficial ownership, shared voting and dispositive power, Rule 13d-4
3 terms
beneficial ownershipregulatory
"SIA and SFI disclaim beneficial ownership of such securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting and dispositive powerregulatory
"possess shared voting and investment power over securities"
Rule 13d-4regulatory
"Pursuant to Rule 13d-4 of the Securities Exchange Act"
What stake does Sit Investment Associates report in Brookfield Real Assets Income Fund (RA)?
Sit Investment Associates and Sit Fixed Income Advisors II report shared beneficial ownership of 2,855,236 shares, representing 5.2% of the class based on December 31, 2025 outstanding shares.
Does Sit claim direct beneficial ownership of the 2,855,236 shares in RA?
No. The filing states SIA and SFI disclaim beneficial ownership pursuant to Rule 13d-4, describing shared voting and dispositive power as investment advisers over client Accounts that own the shares.
How many RA shares were outstanding for the ownership calculation?
The ownership percentages are based on 55,254,696 shares outstanding as of December 31, 2025, as reported in the issuer's Form N-CSR cited in the filing.
Who signed the Schedule 13G for Sit Investment Associates and Sit Fixed Income Advisors II?
The Schedule 13G was signed by Paul E. Rasmussen, Vice President, with signature dates shown as April 6, 2026 for both filers.
Are the reported shares held by a single account under Sit's management?
No. The filing states the shares are owned by multiple client Accounts advised by SIA and SFI and notes that, except where indicated, not more than 5% of the class is owned by any one Account.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Brookfield Real Assets Income Fund Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
112830104
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
112830104
1
Names of Reporting Persons
Sit Investment Associates, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MINNESOTA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,855,236.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,855,236.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,855,236.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
112830104
1
Names of Reporting Persons
Sit Fixed Income Advisors II, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,855,236.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,855,236.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,855,236.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Brookfield Real Assets Income Fund Inc.
(b)
Address of issuer's principal executive offices:
Brookfield Place, 225 Liberty Street, 35th Floor, New York, NY 10281
Item 2.
(a)
Name of person filing:
Sit Investment Associates, Inc.
Sit Fixed Income Advisors II, LLC
(b)
Address or principal business office or, if none, residence:
c/o Sit Investment Associates, Inc.
80 South Eighth Street, Suite 3300
Minneapolis, MN 55402
(c)
Citizenship:
Sit Investment Associates, Inc. Minnesota Corporation
Sit Fixed Income Advisors II, LLC Delaware LLC
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
112830104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
See response to item 9 on each cover page.
(b)
Percent of class:
See response to item 11 on each cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See response to item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See response to item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See response to item 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See response to item 8 on each cover page.
The ownership percentages reported are based on 55,254,696 shares of common stock outstanding as of December 31, 2025, as reported in the Issuer's Report on Form N-CSR filed with the Securities Exchange Commission.
Sit Investment Associates, Inc. ("SIA") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940. Sit Fixed Income Advisors II, LLC ("SFI") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940 and a subsidiary of SIA. SIA and SFI provide investment management services to client accounts ("Accounts"). In their roles as investment advisers SIA and SFI possess shared voting and investment power over securities of the Issuer described in this schedule 13G owned by the Accounts and may be deemed to be the beneficial owner of such shares of the Issuer owned by the Accounts. All securities reported in this schedule 13G are owned by the Accounts. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), SIA and SFI disclaim beneficial ownership of such securities.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The Accounts are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities.
Except as may be indicated if this is a joint filing with a registered investment company managed by SIA or SFI, not more than 5% of the class of such securities is owned by any one Account subject to the investment advice of SIA or SFI.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
