Brookfield Infrastructure Announces Automatic Purchase Plan
March 31 2020 - 7:00AM
Brookfield Infrastructure Partners L.P. (“Brookfield
Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that, in
connection with its previously announced normal course issuer bid
(“NCIB”), it has entered into an automatic purchase plan with its
designated broker. The automatic purchase plan, which has been
pre-cleared by the Toronto Stock Exchange, will allow for the
purchase of Brookfield Infrastructure’s outstanding limited
partnership units (the “LP Units”), subject to certain trading
parameters, at times when Brookfield Infrastructure ordinarily
would not be active in the market due to its own internal trading
black-out periods, insider trading rules or otherwise. Outside of
these periods, LP Units will be repurchased in accordance with
management’s discretion and in compliance with applicable law. The
actual number of LP Units purchased under the automatic plan, the
timing of such purchases and the price at which LP Units are
purchased will depend upon future market conditions.
Brookfield Infrastructure Partners
is a leading global infrastructure company that owns and operates
high quality, long-life assets in the utilities, transport, energy
and data infrastructure sectors across North and South America,
Asia Pacific and Europe. We are focused on assets that generate
stable cash flows and require minimal maintenance capital
expenditures.
Brookfield Infrastructure is the flagship listed
infrastructure company of Brookfield Asset Management, a leading
global alternative asset manager with over $540 billion of assets
under management. More information is available at
www.brookfield.com.
Brookfield Infrastructure Partners is listed on
the New York and Toronto stock exchanges. Further information is
available at https://bip.brookfield.com and investors are
encouraged to consult the website.
For more information, please contact:
Media:Claire Holland Senior Vice President,
Communications Tel: (416) 369-8236 Email:
claire.holland@brookfield.com |
Investors:Melissa Low Senior Vice President,
Investor Relations Tel: (416) 956-5239Email:
melissa.low@brookfield.com |
Note: This news release contains forward-looking
statements and information within the meaning of applicable
securities laws. The word “will” or derivations thereof and other
expressions which are predictions of or indicate future events,
trends or prospects and which do not relate to historical matters
identify forward-looking statements. Forward-looking statements in
this news release include statements regarding potential future
purchases by Brookfield Infrastructure of its LP Units pursuant to
its normal course issuer bid. Although Brookfield Infrastructure
believes that these forward-looking statements and information are
based upon reasonable assumptions and expectations, the reader
should not place undue reliance on them, or any other
forward-looking statements or information in this news release. The
future performance and prospects of Brookfield Infrastructure are
subject to a number of known and unknown risks and uncertainties.
Factors that could cause actual results of Brookfield
Infrastructure to differ materially from those contemplated or
implied by the statements in this news release include: general
economic conditions; interest rate changes; availability of equity
and debt financing; the performance of the LP Units or the stock
exchanges generally; and other risks and factors described in the
documents filed by Brookfield Infrastructure with securities
regulators in Canada and the United States including under “Risk
Factors” in Brookfield Infrastructure’s most recent Annual Report
on Form 20-F and other risks and factors that are described
therein. Except as required by law, Brookfield Infrastructure
undertakes no obligation to publicly update or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise.
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