Brookfield Infrastructure Announces a Voluntary Sale Program
July 08 2021 - 7:00AM
Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN)
and Brookfield Infrastructure Corporation (NYSE: BIPC; TSX: BIPC)
(collectively “
Brookfield Infrastructure”) today
announced they are initiating a voluntary sale program (the
“
Program”) through which eligible holders of BIP
limited partnership units and/or BIPC class A exchangeable
subordinate voting shares (collectively the “
Odd Lot
Securities”) may conveniently sell their Odd Lot
Securities. The program benefits securityholders who held fewer
than 100 Odd Lot Securities, as of July 7, 2021, being the record
date in respect of the Program, and want to sell their Odd Lot
Securities without paying brokerage commissions, thereby avoiding
having to incur fees that could represent a material percentage of
their proceeds. Additionally, the Program should permit any
interested holder of Odd Lot Securities on the record date (July 7,
2021) and who does not have a brokerage account the ability to sell
their Odd Lot Securities without the cost and inconvenience of
opening such an account.
Registered and beneficial holders of Odd Lot
Securities as of the record date are able to participate. The
program will run until September 30, 2021, unless otherwise
extended, and will operate through the facilities of the New York
Stock Exchange (“NYSE”) and Toronto Stock Exchange
(“TSX”) in compliance with the NYSE and TSX
policies of Odd Lot Selling and Purchase Arrangements.
Brookfield Infrastructure has arranged for
Computershare Trust Company of Canada, Computershare Investor
Services Pty Limited and Georgeson LLC
(“Computershare”) to manage the Program. Questions
regarding the Program should be directed to Computershare by
calling toll free:
Computershare Trust Company of
Canada: |
(North America) +1 866 302 7102(International) +1 514 982 7458 |
Computershare Investor Services Pty Limited |
(Australia) 1300 034 142 |
Georgeson LLC |
(US) + 1 855 641 0884 |
An information booklet with details about how to
participate in the Program will be mailed to eligible holders on or
about July 15, 2021, following which securityholders can tender
their Odd Lot Securities online by visiting
www.oddlotsaleprogram.com and using their unique system
generated account code and control code on page 1 of the Letter of
Transmittal.
This press release does not constitute an offer
to sell, or the solicitation of an offer to buy, any securities in
any jurisdiction. Brookfield Infrastructure is not offering to
purchase Odd Lot Securities from participants. Brookfield
Infrastructure is not making any recommendation as it relates to
holding or selling Odd Lot Securities, and is not making any
representation as to the price which may be realized on the sale of
Odd Lot Securities under the Program. Eligible securityholders may
wish to obtain advice from their broker or financial advisor as to
the advisability of participating in the Program. The tax
consequences for each participant in the Program may vary.
Brookfield Infrastructure and Computershare make no representations
with respect to the tax consequences for a particular participant.
It is recommended that each holder of Odd Lot Securities consult
their personal tax advisor as to the consequences to them of a sale
under the program. Participation in the program is voluntary.
Brookfield Infrastructure is a
leading global infrastructure company that owns and operates
high-quality, long-life assets in the utilities, transport,
midstream and data sectors across North and South America, Asia
Pacific and Europe. We are focused on assets that have contracted
and regulated revenues that generate predictable and stable cash
flows. Investors can access its portfolio either through Brookfield
Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a
Bermuda-based limited partnership, or Brookfield Infrastructure
Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further
information is available at www.brookfield.com/infrastructure.
Brookfield Infrastructure Partners is the
flagship listed infrastructure company of Brookfield Asset
Management, a global alternative asset manager with over US$600
billion of assets under management. For more information, go to
www.brookfield.com.
For more information, please contact:
Media:Claire HollandSenior Vice President,
CommunicationsTel: (416) 369-8236 Email:
claire.holland@brookfield.com |
Investors:Kate WhiteManager, Investor Relations
Tel: (416) 956-5183Email: kate.white@brookfield.com |
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