Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Corporation (BIPC) announced that they have received all required shareholder, court, and regulatory approvals for the previously announced reorganization of BIPC. The arrangement is set to become effective prior to markets open on December 24, 2024.
As a result of the arrangement, BIPC shareholders will automatically receive new class A exchangeable shares, which will provide the same economic benefits and governance as investing in BIPC today. These new exchangeable shares will be listed on both the Toronto Stock Exchange and New York Stock Exchange under the symbol 'BIPC'.
This reorganization aims to enhance the corporate structure, potentially improving market liquidity and investor access to Brookfield Infrastructure's portfolio of high-quality, long-life assets in the utilities, transport, midstream, and data sectors.
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