{"id":45060,"date":"2023-03-30T18:28:45","date_gmt":"2023-03-30T23:28:45","guid":{"rendered":"https:\/\/prefblog.com\/?p=45060"},"modified":"2023-03-30T18:28:45","modified_gmt":"2023-03-30T23:28:45","slug":"bip-pr-e-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45060","title":{"rendered":"BIP.PR.E : No Conversion to FloatingReset"},"content":{"rendered":"<p>Brookfield Infrastructure <a href=\"https:\/\/bip.brookfield.com\/press-releases\/bip\/brookfield-infrastructure-announces-results-reclassification-its-series-9\">has announced<\/a>:<\/p>\n<blockquote><p>that after having taken into account all election notices received by the March 16, 2023 deadline for the reclassification of its Cumulative Class A Preferred Limited Partnership Units, Series 9 (the \u201cSeries 9 Units\u201d) (TSX: BIP.PR.E) into Cumulative Class A Preferred Limited Partnership Units, Series 10 (the \u201cSeries 10 Units\u201d), it has determined that there will be no reclassification of Series 9 Units into Series 10 Units, and holders of Series 9 Units will retain their Series 9 Units.<\/p>\n<p>There were 18,000 Series 9 Units tendered for reclassification, which is less than the 1,000,000 units required to give effect to reclassifications of Series 9 Units into Series 10 Units.<\/p><\/blockquote>\n<p>BIP.PR.E was issued as a FixedReset, 5.00%+300M500, ROC, that <a href=\"https:\/\/prefblog.com\/?p=36064\">commenced trading 2018-1-23<\/a> after being <a href=\"http:\/\/prefblog.com\/?p=36001\">announced 2018-1-15<\/a>. The issue will <a href=\"https:\/\/prefblog.com\/?p=44900\">reset to 6.642%<\/a> effective 2023-4-1. It is tracked by HIMIPref\u2122 and has been assigned to the FixedResets (Discount) subindex on the basis of its <a href=\"https:\/\/www.standardandpoors.com\/en_US\/web\/guest\/article\/-\/view\/type\/HTML\/id\/1980751\">P-2(low) rating from S&amp;P<\/a> (it is not rated by DBRS).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brookfield Infrastructure has announced: that after having taken into account all election notices received by the March 16, 2023 deadline for the reclassification of its Cumulative Class A Preferred Limited Partnership Units, Series 9 (the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-45060","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45060"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45060\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}