Canadian company Brookfield Infrastructure Partners (BIP) has announced a new issue of $25 preferred stock units (called units not stock if issued by a partnership).
This is a quality issue, but will come with a K-1 at tax time since it is a partnership.
BIP owns power generation, transportation assets, cell towers and other critical assets.
Yield talk is in the 5.25% area.
EarlyBird was right on this one. Potter followed up with a likely BBB- rating.