On July 1, 2025, Brookfield Infrastructure Partners L.P.'s BIP Investment Corporation (TSX: BIP.PRA) was dropped from the S&P/TSX Preferred Share Index. This action follows the company's announced intention to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1.
The redemption of these Series 1 Preferred Units was scheduled for cash on June 30, 2025, at a price of C$25.00 per unit. This removal from the index is a standard procedural outcome when a security is redeemed or delisted.
The delisting impacts index-tracking investment vehicles and reflects the completion of Brookfield Infrastructure's capital management initiative to optimize its capital structure.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.