Brookfield Infrastructure Press Release Summaries
This page contains Brookfield Infrastructure Press Release Summaries. Click on the Press Release Date to view the entire news release.
Symbol: | BIP-B BIP.PR.B BMG162521436 |
Reset Date: | December 31, 2025. |
Press Release Date: | Dec. 02, 2020 |
Yield: | 5.50% |
Annual Dividend: | $1.37500 |
Excerpt from Press release: |
BROOKFIELD, NEWS, Dec. 02, 2020 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that it has determined the fixed distribution rate on its Cumulative Class A Preferred Limited Partnership Units, Series 3 (“Series 3 Units”) (TSX: BIP.PR.B) for the five years commencing January 1, 2021 and ending December 31, 2025. 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% ($0.34375 per unit per quarter). 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 Canada treasury bills. The actual quarterly distribution rate in respect of the January 1, 2021 to March 31, 2021 distribution period for the Series 4 Units will be 1.14386% (4.639% on an annualized basis) and the distribution, if declared, for such distribution period will be $0.285965 per unit, payable on March 31, 2021. |
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