Brookfield Infrastructure Announces Unit Split and Creation of an Exchange Corporation
Brookfield Infrastructure Partners LP Limited Partnership Units (BIP)
Last brookfield infrastructure partners lp limited partnership units earnings: 2/10 06:44 am
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US:NYSE Investor Relations:
bip.brookfield.com/en
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Source: GlobeNewswire
BROOKFIELD, NEWS, Sept. 25, 2019 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure” or “BIP”) (NYSE: BIP; TSX: BIP.UN) today announced the intention to create a Canadian corporation in order to provide investors with greater flexibility in how they access BIP’s globally diversified portfolio of high-quality infrastructure assets. Brookfield Infrastructure’s Board of Directors intends to distribute to existing unitholders, on a tax-free basis, class A shares of the new corporation, Brookfield Infrastructure Corporation (“BIPC”). From an economic and accounting perspective, the transaction will be analogous to a unit split as it will not result in any underlying change to aggregate cash flows or net asset value except for the adjustment for the number of units/shares outstanding. The class A shares will be structured with the intention of being economically equivalent to units of BIP, including identical distributions. The class A shares are int
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BIP
Earnings
- 11/1/23 - In-Line
BIP
Sec Filings
- 4/16/24 - Form F-3
- 4/5/24 - Form F-3ASR
- 4/5/24 - Form 6-K
- BIP's page on the SEC website