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Brookfield Infrastructure Partners LP to Sell Preferred Units

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.

The preliminary prospectus can be found here.

Eugene was right on top of this one.

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