Why We Recently Sold Brookfield Infrastructure Preferred

JamesBrey Back on December 23, 2022, we purchased a large position in Brookfield Infrastructure Partners' (NYSE:BIP)(NYSE:BIPC) preferred units (NYSE:BIP.PR.A) at a price of $16.63 per unit. However, we recently sold our position at$18.70 per unit, locking in a nice 22.1% total return (17.3% annualized) including distributions and in this article, we detail why. BIP/BIPC Overview Last October, we bought the dip in BIP units when it was trading in the low $20s and have made a hefty profit off of it since th ...