Brookfield Infrastructure Announces Key Changes
Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) and Brookfield Infrastructure Corporation (TSX, NYSE: BIPC) have recently gained all necessary approvals for a significant proposed reorganization. This reorganization, referred to as the Arrangement, is poised to take effect just before the market opens on December 24. This transition is seen as a pivotal moment for the corporations involved.
Understanding the Arrangement
The Arrangement enables existing BIPC shareholders to exchange their class A exchangeable subordinate voting shares for new class A exchangeable shares. The newly issued shares maintain the economic benefits and governance reflective of current BIPC investments, assuring that existing shareholders won’t experience a decline in their investment value.
Listing Information
Following this transaction, these new class A exchangeable shares will also be available for trading on major exchanges, specifically the Toronto Stock Exchange and the New York Stock Exchange under the ticker “BIPC.” This increased accessibility is expected to enhance investor engagement and participation in Brookfield Infrastructure.
About Brookfield Infrastructure
Brookfield Infrastructure stands as a leader in the global infrastructure landscape, managing a portfolio of high-quality assets across various sectors including utilities, transportation, midstream, and data centers. Their strategy is focused on fostering assets that generate reliable and stable cash flows. Investors can choose to engage with the company either through Brookfield Infrastructure Partners L.P. or Brookfield Infrastructure Corporation, both of which offer a compelling choice for those seeking stability in their investment portfolios.
Company Influence and Management
Brookfield Infrastructure is part of Brookfield Asset Management, a prominent global alternative asset manager overseeing over $1 trillion in assets. The company continues to thrive due to its strategic focus on long-term growth and development within infrastructure sectors, gaining the trust of investors and stakeholders alike for its effective management practices.
Media and Investor Relations
For media inquiries, Simon Maine serves as the Managing Director for Corporate Communications, available at +44 739 890 9278, or via email at simon.maine@brookfield.com.
For investor relations, Stephen Fukuda is the Senior Vice President for Corporate Development & Investor Relations. You can reach him at +1 416 956 5129, or through email at stephen.fukuda@brookfield.com.
Frequently Asked Questions
What is the purpose of the reorganization?
The reorganization aims to benefit existing shareholders by providing new shares that maintain the same economic advantages as their previous investments.
When will the reorganization take effect?
The reorganization is set to become effective prior to market openings on December 24.
How will the new shares be traded?
The new shares will be listed on the Toronto Stock Exchange and the New York Stock Exchange under the ticker “BIPC.”
Who manages Brookfield Infrastructure?
Brookfield Infrastructure is managed by Brookfield Asset Management, which is a global leader in alternative asset management.
Who can I contact for more information?
For more information, you can reach Simon Maine for media inquiries or Stephen Fukuda for investor relations through their respective contact details provided.
