Welcome to our dedicated page for Brookfield Infrastructure Partners L.P. Partnership Units news (Ticker: BIP), a resource for investors and traders seeking the latest updates and insights on Brookfield Infrastructure Partners L.P. Partnership Units stock.
Brookfield Infrastructure Partners L.P. Limited Partnership Units (BIP) is a Bermuda-based exempted limited partnership that owns and operates high-quality, long-life assets. These assets are characterized by their ability to generate stable cash flows through substantial barriers to entry and features that appreciate in value over time. BIP focuses on acquiring and managing infrastructure assets that entail low maintenance capital costs and provide significant barriers to entry.
The company operates through four main segments:
- Utilities: Involves regulated businesses like electricity and natural gas transmission, and distribution operations.
- Transport: Encompasses railroads, port terminals, and toll roads that facilitate the movement of goods and people.
- Midstream: Includes energy infrastructure assets like natural gas pipelines and storage facilities.
- Data: Comprises data infrastructure such as communication towers and data centers.
Geographically, the company generates the maximum revenue from Canada but also has a substantial presence in Australia, Colombia, the United Kingdom, Brazil, the United States, Chile, Peru, and other countries. BIP leverages its diverse portfolio to deliver stable and growing distributions to its unitholders.
Recent achievements include strategic initiatives aimed at expanding the company’s energy infrastructure footprint, and an active role in forming partnerships, such as its collaboration with Intel Corporation on semiconductor wafer fabrication plants in Chandler, Arizona. This project involves Brookfield Infrastructure owning a 49% share in Arizona Fab LLC, which consists of two semiconductor wafer fabrication buildings, Fab 52 and Fab 62.
Financially, Brookfield Infrastructure Partners has demonstrated strong and consistent performance over the years. The company’s well-diversified portfolio, underpinned by long-term contracts and regulated cash flows, ensures financial stability and growth.
For investors seeking a stable and growing dividend income, BIP’s distribution strategy is particularly appealing. The company regularly declares distributions and dividends, reflecting its robust cash flow generation capabilities.
Brookfield Infrastructure Partners has announced concurrent equity offerings expected to yield gross proceeds of approximately US$600 million. The offerings include 8,240,800 LP Units priced at US$58.65 each and 1,860,900 Exchangeable Shares priced at US$62.70 each. A private placement will add an estimated US$400 million, bringing total expected proceeds to around US$1 billion. The funds will support new investment opportunities and working capital, with a closing date set for November 17, 2021.
Brookfield Infrastructure (NYSE: BIP) reported significant gains in its Q3 2021 results, with net income soaring to $413 million, up from $5 million in the previous year. This growth is attributed to organic expansion, contributions from recent acquisitions, and a successful sale of its U.S. district energy operations. Funds from Operations (FFO) reached $422 million, showing a 16% year-over-year increase. Notably, the company announced a quarterly distribution of $0.51 per unit, marking a 5% rise compared to last year, alongside strategic acquisitions and divestitures aimed at enhancing profitability.
BROOKFIELD, NEWS, Oct. 28, 2021 — Brookfield Infrastructure Partners successfully completed the acquisition of Inter Pipeline, following overwhelming shareholder approval (99.91%). Shareholders had options to receive C$20 cash, shares of Brookfield Infrastructure Partners Corporation, or a combination. The Inter Pipeline Shares will be delisted from the TSX on November 1, 2021. Christian Bayle and Brent Heagy resigned post-acquisition, with Brian Baker appointed interim CEO. The arrangement also terminated Inter Pipeline's Dividend Reinvestment Plan. The acquisition reinforces Brookfield's infrastructure portfolio.
Brookfield Infrastructure Partners is set to conduct its Q3 2021 conference call on November 3, 2021, at 9:00 a.m. ET. Results will be released earlier that day at approximately 7:00 a.m. ET, accessible on their website.
Interested participants can join the call by dialing +1-866-688-9459 in North America or +1-409-216-0834 internationally. A rebroadcast will be available until November 10, 2021, for those who miss the live event.
BROOKFIELD, NEWS, Sept. 30, 2021 – Brookfield Infrastructure Partners (NYSE: BIP) announced the extension of its voluntary sale program for holders of Odd Lot Securities, allowing eligible investors to sell holdings under 100 shares without brokerage fees. The program, initiated in July 2021, is now extended until December 31, 2021. It aims to assist those without brokerage accounts and offers a hassle-free selling option for small securityholders. The program is managed by Computershare and complies with NYSE and TSX policies.
Digital Realty (NYSE: DLR) has officially closed its joint venture with Brookfield Infrastructure (NYSE: BIP) in India, receiving all necessary regulatory approvals. This collaboration aims to expand Digital Realty's PlatformDIGITAL® in India, catering to the growing data center market. The newly appointed CEO, Seema Ambastha, brings over 30 years of IT experience. Brookfield Infrastructure's data assets, valued at $23 billion, will support this initiative, targeting expansion from 139,000 to 175,000 telecom towers in India. This strategic move is expected to enhance the digital ecosystem in the region.
Brookfield Infrastructure and Inter Pipeline have scheduled a Special Meeting for Inter Pipeline shareholders on October 28, 2021, to vote on the Arrangement with Brookfield. This follows the announcement of executive changes, with Christian Bayle and Brent Heagy stepping down as CEO and CFO, respectively, as Brookfield executives take over. The filing of the management information circular on September 22, 2021, outlines details for the Meeting. Approval from two-thirds of shareholders is required to proceed with the Arrangement.
Brookfield Infrastructure and Inter Pipeline have entered into an arrangement agreement for Brookfield to acquire all remaining Inter Pipeline shares as part of a Subsequent Acquisition Transaction. Following the expiry of Brookfield's earlier take-over bid, it will now own 76.4% of Inter Pipeline's shares. Shareholders can choose to receive C$20.00 in cash per share, 0.250 of a Brookfield Infrastructure Corporation share, or a combination of both. The shareholder meeting to discuss the arrangement is expected in late October.
Brookfield Infrastructure has acquired an additional 18,369,800 common shares of Inter Pipeline, increasing its ownership stake from 68.7% to 73.0%. This transaction aligns with Brookfield's ongoing takeover bid, which is set to expire on September 3, 2021. Shareholders who tender their shares can receive cash or Brookfield's exchangeable shares. With a controlling interest, Brookfield aims to pursue a privatization transaction for remaining shares, which could result in the delisting of Inter Pipeline from the Toronto Stock Exchange.
Brookfield Infrastructure has successfully acquired 68.7% of Inter Pipeline's common shares, purchasing 253,166,495 shares as of August 20, 2021. The offer, initiated on February 22, 2021, was extended until September 3, 2021. Shareholders chose to receive cash for 163.8 million shares, while 89.4 million shares opted for Brookfield's exchangeable units. A reconstituted board now includes four Brookfield nominees. Additionally, the monthly dividend has been suspended to reinvest cash flow for infrastructure development and reduce debt.
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