Brookfield Infrastructure (BIP) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Brookfield Infrastructure’s indirect subsidiary, BIP Investment Corporation, announced its plan to redeem all Series 1 Preferred Shares for C$26.75 each on December 5, 2024, following approval from shareholders. The decision was supported by 80.3% of the votes at a special meeting. Shareholders will also receive a final quarterly dividend of $0.4671875 per share on the redemption date.
For further insights into BIP stock, check out TipRanks’ Stock Analysis page.
