Brookfield Infrastructure Partners will redeem all Series 1 Preferred Units at C$25.00 on June 30, 2025.
Quiver AI Summary
Brookfield Infrastructure Partners L.P. announced its plan to redeem all outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1, on June 30, 2025, for a cash price of C$25.00 each. Unit holders of record by May 30, 2025, will also receive a final quarterly distribution of C$0.248375 per unit. Brookfield Infrastructure is a global company that manages high-quality assets in various sectors, focusing on those with stable, contracted revenues. Investors can access their portfolio through Brookfield Infrastructure Partners L.P. or Brookfield Infrastructure Corporation.
Potential Positives
- Brookfield Infrastructure Partners is proactively redeeming its Series 1 Preferred Units, indicating strong financial health and a commitment to returning value to investors.
- The redemption will take place on June 30, 2025, allowing investors to receive their final quarterly distribution, which reinforces the company's reliability in providing consistent returns.
- This action may reflect a strategic decision to simplify its capital structure or reallocate resources for future growth opportunities, enhancing investor confidence.
Potential Negatives
- The decision to redeem all outstanding Series 1 Preferred Units may signal to investors that the company is prioritizing cash management, which could raise concerns about future investment opportunities or financial stability.
- This redemption could be viewed negatively by current holders of Series 1 Preferred Units who may prefer maintaining their investment for income generation rather than receiving a cash payout.
- Investors may interpret this as an indication that the company is unable to sustain its preferred share obligations, potentially affecting confidence in its financial health.
FAQ
When will Brookfield redeem its Series 1 Preferred Units?
Brookfield intends to redeem all Series 1 Preferred Units on June 30, 2025.
What is the redemption price for the Series 1 Preferred Units?
The redemption price for each Series 1 Preferred Unit will be C$25.00.
Who is eligible to receive the final distribution?
Holders of Series 1 Preferred Units of record as of May 30, 2025, are eligible to receive the final distribution.
What will the final distribution amount be for Series 1 Preferred Units?
The final quarterly distribution will be C$0.248375 per Series 1 Preferred Unit.
What sectors does Brookfield Infrastructure operate in?
Brookfield Infrastructure operates in utilities, transport, midstream, and data sectors across various regions.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BIP Hedge Fund Activity
We have seen 122 institutional investors add shares of $BIP stock to their portfolio, and 173 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ROYAL BANK OF CANADA removed 3,578,997 shares (-7.8%) from their portfolio in Q1 2025, for an estimated $106,618,320
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- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC removed 1,171,958 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $37,256,544
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To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
BROOKFIELD, News, May 27, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. ( TSX: BIP.UN; NYSE: BIP ) today announced that it intends to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1 (the “Series 1 Preferred Units”) (TSX: BIP.PR.A) for cash on June 30, 2025. The redemption price for each Series 1 Preferred Unit will be C$25.00. Holders of Series 1 Preferred Units of record as of May 30, 2025 will receive the previously declared final quarterly distribution of C$0.248375 per Series 1 Preferred Unit.
About Brookfield Infrastructure
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com .
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager, headquartered in New York with over $1 trillion of assets under management. For more information, go to https://brookfield.com .
Contact Information
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Media:
John Hamlin Director Communications Tel: +44 204 557 4334 Email: [email protected] |
Investor Relations:
Stephen Fukuda Senior Vice President Corporate Development & Investor Relations Tel: +1 (416) 956-5129 Email: [email protected] |
