Inter Pipeline Dividends
The reconstituted Board has suspended Inter Pipelines monthly cash dividend, commencing with the September dividend. Inter Pipeline will
utilize the retained cash flow to invest in the construction of the Heartland Petrochemical Complex and reduce indebtedness.
As
previously disclosed, Inter Pipelines declared August cash dividend of $0.04 per common share will be paid on or about September 15, 2021 to shareholders of record as of August 23, 2021.
Further Information for Inter Pipeline Shareholders
Inter Pipeline shareholders are encouraged to read the full details of the Offer set forth in the original Offer to Purchase and Circular dated
February 22, 2021 (the Offer and Circular), the notice of variation, change and extension dated June 4, 2021 (the First Notice of Variation), the second notice of variation and extension dated
June 21, 2021 (the Second Notice of Variation), the third notice of variation and extension dated July 13, 2021 (the Third Notice of Variation), the fourth notice of variation and change dated
July 19, 2021 (the Fourth Notice of Variation), the fifth notice of variation and extension dated August 6, 2021 (the Fifth Notice of Variation), and the sixth notice of extension (the Sixth
Notice of Extension), which contain the full terms and conditions of the Offer and other important information as well as detailed instructions on how Inter Pipeline shareholders can tender their Inter Pipeline shares to the Offer.
Inter Pipeline shareholders who have questions or require assistance in depositing common shares of Inter Pipeline to the Offer should contact
the Information Agent and Depositary, Laurel Hill Advisory Group, by telephone at 1-877-452-7184 (North American Toll Free
Number) or 416-304-0211 (outside North America) or by email at assistance@laurelhill.com.
Copies of the Offer and Circular, the First Notice of Variation, the Second Notice of Variation, the Third Notice of Variation, the Fourth
Notice of Variation, the Fifth Notice of Variation and the Sixth Notice of Extension, are available without charge on request from the Information Agent and are available at www.ipl-offer.com or on SEDAR at
www.sedar.com.
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$625 billion of assets under management. For more information, go to www.brookfield.com.
Inter Pipeline Ltd. is a major petroleum transportation and natural gas liquids processing business based in Calgary, Alberta, Canada.
Inter Pipeline owns and operates energy infrastructure assets in Western Canada and is building the Heartland Petrochemical ComplexNorth Americas first integrated propane dehydrogenation and polypropylene facility. Inter Pipeline is a
member of the S&P/TSX 60 Index and its common shares trade on the Toronto Stock Exchange under the symbol IPL. For more information, go to www.interpipeline.com.
No Offer or Solicitation
This news
release is for informational purposes only and does not constitute an offer to buy or sell, or a solicitation of an offer to sell or buy, any securities. The offer to acquire Inter Pipeline shares and to issue securities of Brookfield Infrastructure
Corporation will be made solely by, and subject to the terms and conditions set out in the formal offer to purchase and bid circular and accompanying letter of transmittal and notice of guaranteed delivery.
|
|
|
Brookfield Infrastructure Partners L.P.
|
|
3
|