Giant Canadian partnership Brookfield Infrastructure Partners (BIP) will be selling a new issue of preferred units (preferreds issued by partnerships are call ‘units’, not ‘stock’).
This security will issue a K-1 at tax time.
The shares will trade on the NYSE under permanent ticker BIP-A after a short stint on the OTC grey market (ticker not announced).
They will have a optional redemption period starting on 7/31/2025.
Eugene was right on top of this one.