Brookfield Infrastructure Announces Results of Reclassification of its Series 1 Preferred Units
18 June 2020 - 7:18AM
Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced
that after having taken into account all election notices received
by the June 15, 2020 deadline for the reclassification of its
Cumulative Class A Preferred Limited Partnership Units, Series 1
(the “Series 1 Units”) (TSX: BIP.PR.A) into Cumulative Class A
Preferred Limited Partnership Units, Series 2 (the “Series 2
Units”), there were 298,234 Series 1 Units tendered for
reclassification, which is less than the 1,000,000 units required
to give effect to reclassifications of Series 1 Units into Series 2
Units. Accordingly, there will be no reclassification of Series 1
Units into Series 2 Units, and holders of Series 1 Units will
retain their Series 1 Units.
Brookfield Infrastructure
Partners is a leading global infrastructure company that
owns and operates high-quality, long-life assets in the utilities,
transport, energy and data infrastructure sectors across North and
South America, Asia Pacific and Europe. We are focused on assets
that generate stable cash flows and require minimal maintenance
capital expenditures. Investors can access its portfolio either
through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX:
BIP.UN), a Bermuda-based limited partnership, or Brookfield
Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian
corporation. Further information is available at
www.brookfield.com/infrastructure.
Brookfield Infrastructure is the flagship listed
infrastructure company of Brookfield Asset Management, a global
alternative asset manager with over $515 billion of assets under
management. For more information, go to www.brookfield.com.
For more information, please contact:
Media:Claire Holland Senior Vice President,
Communications Tel: (416) 369-8236 Email:
claire.holland@brookfield.com |
Investors:Rene LubianskiManaging Director,
InvestmentsTel: (416) 956-5196 Email:
rene.lubianski@brookfield.com |
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