Brookfield Infrastructure Partners Exchange L.P. Announces Three-for-Two Unit Split
BROOKFIELD, NEWS, May 04, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners Exchange L.P. (BIP Exchange LP), a subsidiary of Brookfield Infrastructure Partners L.P. (BIP), today announced that, in connection with the announcement by BIP of a three-for-two unit split, the board of directors of BIP Exchange LP has approved a three-for-two unit split (the Unit Split) of the outstanding exchangeable units of BIP Exchange LP (Exchangeable Units).
- BROOKFIELD, NEWS, May 04, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners Exchange L.P. (BIP Exchange LP), a subsidiary of Brookfield Infrastructure Partners L.P. (BIP), today announced that, in connection with the announcement by BIP of a three-for-two unit split, the board of directors of BIP Exchange LP has approved a three-for-two unit split (the Unit Split) of the outstanding exchangeable units of BIP Exchange LP (Exchangeable Units).
- Any fractional Exchangeable Units to be issued to registered BIP Exchange LP unitholders as a result of the Unit Split will be rounded to the nearest whole Exchangeable Unit, with each half unit being rounded to the next higher unit.
- 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.
- Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager withapproximately $725 billion of assets under management.