Brookfield Infrastructure Partners (BIP) has released an update.
Brookfield Infrastructure has announced that the attempted conversion of Series 1 Senior Preferred Shares into Series 2 did not meet the minimum threshold, and as a result, shareholders will retain their Series 1 Shares. Only 1,720 shares were submitted for conversion, falling short of the 500,000 required. The company continues to manage a diversified portfolio of infrastructure assets, generating stable cash flows for investors.
For further insights into BIP stock, check out TipRanks’ Stock Analysis page.
