Brookfield Infrastructure (TSE:BIPC) has released an update.
Brookfield Infrastructure Corporation has entered into an Arrangement Agreement to restructure its business to preserve benefits for exchangeable share holders by converting to a ‘mutual fund corporation’ under the Tax Act. The agreement, unanimously recommended by the governance committee and backed by a Fairness Opinion, aims to serve the best interests of the company and its subsidiaries, following the laws of British Columbia, Bermuda, and Ontario.
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