Brookfield Infrastructure Announces Automatic Purchase Plans
30 Junho 2022 - 5:05PM
Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX:
BIP.UN) today announced that, in connection with its previously
announced normal course issuer bid, it has entered into an
automatic purchase plan with its designated broker. Brookfield
Infrastructure Corporation (“BIPC”) (NYSE/TSX: BIPC) also today
announced that, in connection with its previously announced normal
course issuer bid, it has entered into an automatic purchase plan
with its designated broker. The automatic purchase plans, which
have been pre-cleared by the Toronto Stock Exchange, will allow for
the purchase of BIP’s outstanding limited partnership units (the
“LP Units”) and BIPC’s outstanding class A exchangeable subordinate
voting shares (the “Exchangeable Shares”), respectively, subject to
certain trading parameters, at times when BIP and BIPC, as
applicable, ordinarily would not be active in the market due to
their own internal trading black-out periods, insider trading rules
or otherwise. Outside of these periods, LP Units and Exchangeable
Shares will be repurchased in accordance with management’s
discretion and in compliance with applicable law. The actual number
of LP Units and Exchangeable Shares purchased under the automatic
plans, the timing of such purchases and the price at which LP Units
and Exchangeable Shares are purchased will depend upon future
market conditions.
Brookfield Infrastructure is a
leading global infrastructure company that owns and operates
high-quality, long-life assets in the utilities, transport,
midstream and data sectors across North and South America, Asia
Pacific and Europe. We are focused on assets that generate stable
cash flows and require minimal maintenance capital expenditures.
Investors can access its portfolio either through Brookfield
Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a
Bermuda-based limited partnership, or Brookfield Infrastructure
Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further
information is available at www.brookfield.com/infrastructure.
Brookfield Infrastructure is the flagship listed
infrastructure company of Brookfield Asset Management, a global
alternative asset manager with approximately US$725 billion of
assets under management. For more information, go to
www.brookfield.com.
Contact information:
Media: |
Investors: |
Sebastien BouchardVice President, CommunicationsTel: (416)
943-7937Email: sebastien.bouchard@brookfield.com |
Kate WhiteManager, Investor Relations Tel: (416) 956-5183Email:
kate.white@brookfield.com |
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Note: This news release contains forward-looking
statements and information within the meaning of applicable
securities laws. The word “will” or derivations thereof and other
expressions which are predictions of or indicate future events,
trends or prospects and which do not relate to historical matters
identify forward-looking statements. Forward-looking statements in
this news release include statements regarding potential future
repurchases by BIP of its LP Units and by BIPC of its Exchangeable
Shares pursuant to their respective normal course issuer bids.
Although BIP and BIPC believe that these forward-looking statements
and information are based upon reasonable assumptions and
expectations, the reader should not place undue reliance on them,
or any other forward-looking statements or information in this news
release. The future performance and prospects of BIP and BIPC are
subject to a number of known and unknown risks and uncertainties.
Factors that could cause actual results of BIP and BIPC to differ
materially from those contemplated or implied by the statements in
this news release include: general economic conditions; interest
rate changes; availability of equity and debt financing; the
performance of the LP Units and Exchangeable Shares or the stock
exchanges generally; and other risks and factors described in the
documents filed by BIP and BIPC with securities regulators in
Canada and the United States including under “Risk Factors” in
BIP’s and BIPC’s most recent Annual Reports on Form 20-F and other
risks and factors that are described therein. Except as required by
law, BIP and BIPC undertake no obligation to publicly update or
revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise.
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