All amounts in Canadian dollars unless otherwise stated.
Series 3 Units and Series 4 Units
If declared, the fixed quarterly distributions on the Series 3 Units during the five years commencing January 1, 2021 will be paid at an annual rate of 5.50% (
Holders of Series 3 Units have the right, at their option, exercisable not later than 5:00 p.m. (
The quarterly floating rate distributions on the Series 4 Units will be paid at an annual rate, calculated for each quarter, of 4.53% over the annual yield on three-month Government of
Holders of Series 3 Units are not required to elect to reclassify all or any part of their Series 3 Units into Series 4 Units.
As provided in the unit conditions of the Series 3 Units, (i) if Brookfield Infrastructure determines that there would be fewer than 1,000,000 Series 3 Units outstanding after December 31, 2020, all remaining Series 3 Units will be automatically reclassified into Series 4 Units on a one-for-one basis effective December 31, 2020; or (ii) if Brookfield Infrastructure determines that there would be fewer than 1,000,000 Series 4 Units outstanding after December 31, 2020, no Series 3 Units will be reclassified into Series 4 Units. There are currently 4,989,262 Series 3 Units outstanding.
The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Series 4 Units effective upon reclassification. Listing of the Series 4 Units is subject to Brookfield Infrastructure fulfilling all the listing requirements of the TSX and, upon approval, the Series 4 Units will be listed on the TSX under the trading symbol “BIP.PR.G”.
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately
Contact information:
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| Claire Holland Senior Vice President, Communications Tel: (416) 369-8236 Email: [email protected] | Kate White Manager, Investor Relations Tel: (416) 956-5183 Email: [email protected] |
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