Dec. 21 at 2:01 PM
$BIP $BIPC Brookfield Infrastructure announces closing date of reorganization
Brookfield Infrastructure Partners (BIP) and Brookfield Infrastructure Corporation (BIPC) announced that they have now received all required shareholder, court and regulatory approvals for the previously-announced proposed reorganization of BIPC. Accordingly, the Arrangement will become effective prior to markets open on December 24, 2024.
As a result of the Arrangement, in exchange for their class A exchangeable subordinate voting shares of BIPC, BIPC shareholders will automatically receive new class A exchangeable shares that provide the same economic benefits and governance of investing in BIPC today. The New Exchangeable Shares will be listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol "BIPC."
