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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TVwfpguGlyCWmU/icKqwVcKNldeLl18HAeyEe1NgBXhUSX1mjE+X6itIWxlkFDc3
 dpPwQLlPcFi+O6lRIOBqrQ==

<SEC-DOCUMENT>0001181431-08-056201.txt : 20081006
<SEC-HEADER>0001181431-08-056201.hdr.sgml : 20081006
<ACCEPTANCE-DATETIME>20081006105941
ACCESSION NUMBER:		0001181431-08-056201
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080930
FILED AS OF DATE:		20081006
DATE AS OF CHANGE:		20081006

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HYPERION BROOKFIELD INCOME FUND, INC.
		CENTRAL INDEX KEY:			0001000401
		IRS NUMBER:				133910721
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		THREE WORLD FINANCIAL CENTER
		STREET 2:		200 VESEY STREET, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281-1010
		BUSINESS PHONE:		2125498400

	MAIL ADDRESS:	
		STREET 1:		THREE WORLD FINANCIAL CENTER
		STREET 2:		200 VESEY STREET, 10TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10281-1010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HYPERION STRATEGIC BOND FUND INC
		DATE OF NAME CHANGE:	20031204

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HYPERION HIGH YIELD CMBS FUND INC
		DATE OF NAME CHANGE:	20000512

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUITABLE REAL ESTATE HYPERION HIGH YLD CMMERCL MORTG FD INC
		DATE OF NAME CHANGE:	19950912

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GENERAL MOTORS INVESTMENT MANAGEMENT CORP
		CENTRAL INDEX KEY:			0000883422
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-07359
		FILM NUMBER:		081108503

	BUSINESS ADDRESS:	
		STREET 1:		STATE STREET BANK
		STREET 2:		1 ENTERPRISE DRIVE
		CITY:			QUINCY
		STATE:			MA
		ZIP:			02171

	MAIL ADDRESS:	
		STREET 1:		STATE STREET BANK
		STREET 2:		1 ENTERPRISE DRIVE
		CITY:			QUINCY
		STATE:			MA
		ZIP:			02171
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd220342.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-09-30</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001000401</issuerCik>
        <issuerName>HYPERION BROOKFIELD INCOME FUND, INC.</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000883422</rptOwnerCik>
            <rptOwnerName>GENERAL MOTORS INVESTMENT MANAGEMENT CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>767 FIFTH AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10153</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-09-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>0</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-09-30</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>21706963.68</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>2.30</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>27078607.80</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">N/A (See explanation below with respect to this line 2).</footnote>
    </footnotes>

    <remarks>On September 30, 2008, GMAM Investment Funds Trust II (the &quot;GIFT II Trust&quot;), a group trust organized for the benefit of certain trusts under certain employee benefit plans (the &quot;Plans&quot;) for General Motors Corporation, tendered 13,043,478.26 shares of Common Stock of the Issuer (the &quot;GIFT II Shares&quot;) for $2.30 per share, or approximately $30 million, in the Issuer?s tender offer. After the Issuer?s tender offer, the GIFT II Trust holds 21,706,963.68 shares of Common Stock of the Issuer. GMAM Group Pension Trust I (the &quot;GMAM I Trust&quot;), another group trust organized for the benefit of certain trusts under certain Plans, holds 5,371,644.11 shares of Common Stock of the Issuer after the Issuer?s tender offer. Line 2 under Column 5 of Table 1 relates to the total shares of Common Stock held collectively by the GIFT II Trust and the GMAM I Trust after the Issuer?s tender offer and such shares are referred to herein as the &quot;Securities.&quot; The reporting per
son (&quot;GMIMCo&quot;) has retained under the Employee Retirement Income Security Act of 1974, as amended, the power to direct the voting and disposition of the Securities although it has no pecuniary interest therein. General Motors Trust Bank, N.A. is the trustee (the ?Trustee?) with respect to the GIFT II Trust. Line 1 of Table 1 relates to GMIMCo's status as a 10% beneficial owner without pecuniary interest with respect to the Securities. Line 2 of Table 1 relates to the status of the GIFT II Trust, on behalf of which GMIMCo is making the report reflected in such line under Column 4 as 10% beneficial owner of the GIFT II Shares. This filing should not be deemed an admission that any of GMIMCo, the Trustee, the GIFT II Trust or the GMAM I Trust is the beneficial owner of the Securities.</remarks>

    <ownerSignature>
        <signatureName>/s/ Duen-Li Kao, Senior Managing Director, Global Public Markets, General Motors Investment Management Corporation</signatureName>
        <signatureDate>2008-10-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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