Brookfield infrastructure extends voluntary sale program

Brookfield, news, sept. 30, 2021 (globe newswire) -- brookfield infrastructure partners l.p. (nyse: bip; tsx: bip.un) and brookfield infrastructure corporation (nyse: bipc; tsx: bipc) (collectively “brookfield infrastructure”) today announced they are extending the voluntary sale program (the “program”) they initiated in july 2021 through which eligible holders of bip limited partnership units and/or bipc class a exchangeable subordinate voting shares (collectively the “odd lot securities”) may conveniently sell their odd lot securities. the program benefits securityholders who held fewer than 100 odd lot securities, as of july 7, 2021, being the record date in respect of the program, and want to sell their odd lot securities without paying brokerage commissions, thereby avoiding having to incur fees that could represent a material percentage of their proceeds. additionally, the program should permit any interested holder of odd lot securities on the record date (july 7, 2021) and who does not have a brokerage account the ability to sell their odd lot securities without the cost and inconvenience of opening such an account.
BIP Ratings Summary
BIP Quant Ranking