On December 20, 2024, Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Corporation (BIPC) announced that all required shareholder, court, and regulatory approvals for the proposed reorganization of BIPC have been received. The arrangement is set to become effective prior to markets open on December 24, 2024.
As a result of this arrangement, BIPC shareholders will automatically receive new class A exchangeable shares in exchange for their existing class A exchangeable subordinate voting shares. These new shares are designed to provide the same economic benefits and governance as investing in BIPC currently.
The New Exchangeable Shares will be listed on both the Toronto Stock Exchange and the New York Stock Exchange under the symbol 'BIPC'. This reorganization aims to streamline the corporate structure and maintain consistent investor experience.
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