Brookfield Infrastructure Announces Preferred Shares Redemption Plan

Brookfield Infrastructure (BIP) has released an update.

Brookfield Infrastructure’s subsidiary, BIP Investment Corporation, plans a virtual meeting on November 27, 2024, to seek approval for the early redemption of its senior preferred shares at a cash price of C$26.75 per share. If approved, shareholders will also receive a quarterly dividend before the redemption. This move is part of Brookfield’s strategic financial management aimed at ensuring stable and predictable cash flows.

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