Brookfield Infrastructure Announces Reset Dividend Rate on Its Series 1 Senior Preferred Shares [Financial Post (Toronto, Ontario, Canada)]
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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bip.brookfield.com/en
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Source: Financial Post
BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that BIP Investment Corporation (“BIPIC”), a wholly-owned subsidiary of Brookfield Infrastructure, has determined the fixed dividend rate on its Senior Preferred Shares, Series 1 (“Series 1 Shares”) (TSX: BIK.PR.A) for the five years commencing April 1, 2024 and ending March 31, 2029. Article content Article content Series 1 Shares and Series 2 Shares If declared, the fixed quarterly dividends on the Series 1 Shares during the five years commencing April 1, 2024 will be paid at an annual rate of 7.475% ($0.4671875 per share per quarter). Holders of Series 1 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on March 18, 2024, to convert all or part of their Series 1 Shares, on a one-for-one basis, into Senior Preferred Shares, Series 2 (“Series 2 Shares”), effective March 3
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