Brookfield Infrastructure Partners (BIP) has released an update.
Brookfield Infrastructure Partners has announced that the conversion of Series 1 Senior Preferred Shares to Series 2 will not take place, as the number of shares tendered for conversion did not meet the required threshold. Investors holding Series 1 Shares will maintain their current shares, with less than 0.35% of the required amount tendered for the change. Brookfield Infrastructure highlights its position as a global infrastructure leader with a focus on long-life assets generating stable cash flows.
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