On December 2, 2024, BIP Investment Corporation (BIPIC), an indirect subsidiary of Brookfield Infrastructure Partners, announced the approval of a special resolution by holders of its senior preferred shares, series 1. This resolution permits the redemption of the Preferred Shares by BIPIC at any time.
Following the approval, BIPIC provided notice of its intention to redeem all outstanding Preferred Shares for cash on December 5, 2024. The redemption price for each Preferred Share is set at C$26.75.
Holders of record as of November 29, 2024, will also receive the previously declared final quarterly dividend of $0.4671875 per Preferred Share on December 5, 2024. This action reflects BIPIC's active capital management strategy.
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