Brookfield Infrastructure Announces Intention to Redeem its Series 1 Preferred Units

Rhea-AI Summary

Brookfield Infrastructure Partners (NYSE: BIP) has announced its intention to redeem all outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1 on June 30, 2025. The redemption will be executed at a price of C$25.00 per Series 1 Preferred Unit. Additionally, holders of Series 1 Preferred Units who are on record as of May 30, 2025, will receive a final quarterly distribution of C$0.248375 per unit. The Series 1 Preferred Units are currently listed on the Toronto Stock Exchange under the symbol BIP.PR.A.

Positive

• Provides clear exit opportunity for preferred shareholders at par value (C$25.00)
• Final quarterly distribution ensures holders receive all entitled payments

Negative

• Preferred shareholders will lose their regular income stream from quarterly distributions

News Market Reaction – BIP

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+0.09% News Effect

On the day this news was published, BIP gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BROOKFIELD, News, May 27, 2025 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP) today announced that it intends to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 1 (the “Series 1 Preferred Units”) (TSX: BIP.PR.A) for cash on June 30, 2025. The redemption price for each Series 1 Preferred Unit will be C$25.00. Holders of Series 1 Preferred Units of record as of May 30, 2025 will receive the previously declared final quarterly distribution of C$0.248375 per Series 1 Preferred Unit.

About Brookfield Infrastructure

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. We are focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. 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. Further information is available at https://bip.brookfield.com.

Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager, headquartered in New York with over $1 trillion of assets under management. For more information, go to https://brookfield.com.

Contact Information

Media: John Hamlin Director Communications Tel: +44 204 557 4334 Email: john.hamlin@brookfield.com

Investor Relations: Stephen Fukuda Senior Vice President Corporate Development & Investor Relations Tel: +1 (416) 956-5129 Email: stephen.fukuda@brookfield.com

FAQ

What is the redemption price for Brookfield Infrastructure's Series 1 Preferred Units (BIP.PR.A)?

Brookfield Infrastructure will redeem the Series 1 Preferred Units at C$25.00 per unit on June 30, 2025.

When is the final distribution date for BIP Series 1 Preferred Units?

Holders of Series 1 Preferred Units of record as of May 30, 2025 will receive a final quarterly distribution of C$0.248375 per unit.

What happens to Brookfield Infrastructure Series 1 Preferred Units after redemption?

After the redemption on June 30, 2025, all outstanding Series 1 Preferred Units will be redeemed for cash and will no longer be outstanding.

How will BIP preferred shareholders be compensated in the redemption?

Preferred shareholders will receive C$25.00 per unit in cash, plus the final quarterly distribution of C$0.248375 per unit if they are holders of record as of May 30, 2025.