Brookfield Infrastructure Partners L.P. has announced:
that it intends to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 3 (the “Series 3 Preferred Units”) (TSX: BIP.PR.B) for cash on December 31, 2025. The redemption price for each Series 3 Preferred Unit will be C$25.00. Holders of Series 3 Preferred Units of record as of November 28, 2025 will receive the previously declared final quarterly distribution of C$0.34375 per Series 3 Preferred Unit, payable on December 31, 2025.
BIP.PR.B was issued as a FixedReset, 5.50%+453M550 (Interest + ROC), that commenced trading 2015-12-8 after being announced announced 2015-12-1. It reset at 5.50% (the guaranteed minimum) effective 2021-1-1. It is tracked by HIMIPref™ and is assigned to the FixedReset-Premium subindex.
Thanks to Assiduous Reader niagara for bringing this to my attention!