Brookfield Infrastructure Partners (BIP) has set a date for the creation of Brookfield Infrastructure Corp. (BIPC), the equivalent of a unit split.
As of March 20, shareholders will receive approximately 0.11 shares of BIPC for each BIP unit, structured with the intention of being economically equivalent to BIP units. BIP said the shares will allow investors to own the equivalent economic exposure to BIP but through a traditional corporate structure.
“The creation of BIPC through an effective stock split will provide investors with greater flexibility in how they access Brookfield Infrastructure’s diversified portfolio of high-quality infrastructure assets,” said Sam Pollock, CEO of Brookfield Infrastructure. “As a corporation, we expect to attract new investors to our leading infrastructure business.”
BIPC has received c
