Shipping container company Triton International Holdings (TRTN) will officially be acquire by Brookfield Infrastructure Corp (BIPC) tomorrow–the acquisition closes tomorrow (Thursday).
Triton has 5 issues of preferred stock outstanding–and they will remain outstanding after the acquisition.
Folks will worry about Brookfield Infrastructure (BIPC) being one of the Brookfield company’s may suspend the dividend. My observation is that the dividends will continue to be paid on schedule – AS LONG AS the Triton business ‘carrys their weight’–what I mean is that as long as they are profitable and have funds available the dividends will be paid. If Triton hits a rough patch in their business is when folks should worry.