Brookfield Infrastructure Partners Says Co. Is Not Declaring A Distribution Or Dividend For The Fourth Quarter Of 2026 At This Time
Benzinga Newsdesk 19 hours ago
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Brookfield Infrastructure today announced that it has received all required approvals to complete the previously announced simplification of its corporate structure, which will combine Brookfield Infrastructure Partners
Brookfield Infrastructure today announced that it has received all required approvals to complete the previously announced simplification of its corporate structure, which will combine Brookfield Infrastructure Partners L.P. ("BIP") and Brookfield Infrastructure Corporation into a single structure (the "Simplification").
The Simplification is expected to close on November 19, 2026. Upon closing, existing securityholders will automatically receive class A subordinate voting shares ("Class A Shares") of Brookfield Infrastructure Partners Inc. ("BIP Inc.") on a one-for-one basis.
In light of the expected closing, Brookfield Infrastructure is not declaring a distribution or dividend for the fourth quarter of 2026 at this time. Following closing, and subject to approval by its Board of Directors, BIP Inc. intends to declare and pay the fourth quarter dividend on the BIP Inc. Class A Shares in an amount consistent with BIP’s current quarterly distribution of US$0.455 per unit. BIP Inc. also intends to assume BIP’s existing normal course issuer bid following closing, subject to acceptance by the Toronto Stock Exchange (the "TSX").
In connection with the Simplification, BIP’s distribution reinvestment plan
