Series 3 Preferred Units
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Canoe EIT Income Fund Announces $300 Million Issuance of Preferred Units
Globenewswire· 2026-01-28 03:29
Core Viewpoint - Canoe EIT Income Fund is issuing 12 million cumulative redeemable Series 3 Preferred Units at a price of C$25.00 each, aiming for gross proceeds of C$300 million through a private placement [2][4]. Group 1: Offering Details - The Series 3 Preferred Units will provide fixed cumulative preferential cash distributions of C$1.25 per unit annually, payable quarterly [3]. - The units will be retractable for cash at C$25.00 per unit starting February 3, 2031, and redeemable for C$25.50 per unit from February 4, 2030, to February 3, 2031 [3]. - The offering is expected to close around February 2, 2026, pending necessary regulatory approvals [4]. Group 2: Fund Overview - Canoe EIT Income Fund is one of Canada's largest closed-end investment funds, focusing on maximizing monthly distributions and capital appreciation through a diversified portfolio [6]. - The fund is actively managed by Robert Taylor, Senior Vice President and Chief Investment Officer at Canoe Financial [6]. - Canoe Financial manages over C$23 billion in assets and is recognized for its diverse range of investment solutions [7].
Brookfield Infrastructure Announces Intention to Redeem its Series 3 Preferred Units
Globenewswire· 2025-11-26 21:14
Core Viewpoint - Brookfield Infrastructure Partners L.P. plans to redeem all outstanding Series 3 Preferred Units for cash on December 31, 2025, at a price of C$25.00 per unit, with a final quarterly distribution of C$0.34375 payable on the same date [1]. Group 1: Company Overview - Brookfield Infrastructure is a leading global infrastructure company that operates high-quality, long-life assets in utilities, transport, midstream, and data sectors across the Americas, Asia Pacific, and Europe [2]. - The company focuses on assets with contracted and regulated revenues that generate predictable and stable cash flows [2]. - Investors can access Brookfield Infrastructure's portfolio through Brookfield Infrastructure Partners L.P. or Brookfield Infrastructure Corporation [2]. Group 2: Parent Company Information - Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, which manages over $1 trillion in assets [3].