BIP Investment Corporation Announces Preferred Shareholder Meeting for Early Redemption of Preferred Shares

Core Viewpoint - BIP Investment Corporation is seeking approval from Preferred Shareholders for a special resolution to redeem Preferred Shares at an enhanced price of C$26.75 per share, with a special meeting scheduled for November 27, 2024 [3][4]. Group 1: Meeting Details - A special meeting for holders of senior preferred shares will be held virtually on November 27, 2024, at 10:00 a.m. Eastern time [1]. - Preferred Shareholders of record as of market close on October 25, 2024, will be entitled to vote at the meeting [4][5]. - The Special Resolution requires an affirmative vote of 66 2/3% of the votes cast at the meeting [4]. Group 2: Redemption and Dividend Information - If the Special Resolution is approved, BIPIC intends to redeem all outstanding Preferred Shares for C$26.75 each [3]. - BIPIC plans to declare a quarterly dividend of C$0.4671875 per Preferred Share for Q4 2024, payable prior to the redemption [4]. - The Q4 2024 Dividend will be deemed a capital gains dividend and will be paid to Preferred Shareholders of record as of November 29, 2024, in addition to the Enhanced Redemption Price [4]. Group 3: Company Overview - Brookfield Infrastructure is a leading global infrastructure company focused on high-quality, long-life assets in utilities, transport, midstream, and data sectors across various regions [6]. - The company operates under Brookfield Asset Management, which manages approximately US$1 trillion in assets [6].