Brookfield Infrastructure Partners (BIP) has released an update.
Brookfield Infrastructure Partners has announced a dividend rate reset for its Series 1 Senior Preferred Shares, with a fixed annual rate of 7.475% over the next five years starting April 1, 2024. Shareholders have the option to convert these shares into Series 2 Shares, which offer a floating quarterly dividend rate tied to government treasury bill yields. The company also confirmed the conditional approval from the Toronto Stock Exchange for the listing of the Series 2 Shares upon conversion.
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