TSX accepts Brookfield Infrastructure’s renewal of its normal course issuer bid

Brookfield Infrastructure Partners announced that the Toronto Stock Exchange, or TSX, accepted a notice filed by BIP of its intention to renew its normal course issuer bid for its outstanding limited partnership units and its cumulative class A preferred limited partnership units. Brookfield Infrastructure Corporation, or BIPC, also announced that the TSX accepted a notice filed by BIPC of its intention to renew its normal course issuer bid for its outstanding class A exchangeable subordinate voting shares. BIP and BIPC believe that if the trading price of Units or Exchangeable Shares, respectively, does not fully reflect their value, the acquisition of Units or Exchangeable Shares, as applicable, may represent an attractive use of available funds. Under BIP’s normal course issuer bid, the Board of Directors of the general partner of BIP authorized BIP to repurchase up to 5% of the issued and outstanding LP Units, or up to 23,107,234 LP Units. At the close of business on November 21, there were 462,144,684 LP Units issued and outstanding. Under BIP’s normal course issuer bid, it may repurchase up to 100,061 LP Units on the TSX during any trading day, which represents 25% of the average daily trading volume of 400,244 LP Units on the TSX for the six months ended October 31 calculated in accordance with the rules of the TSX.