{"id":51099,"date":"2025-11-27T20:16:11","date_gmt":"2025-11-28T01:16:11","guid":{"rendered":"https:\/\/prefblog.com\/?p=51099"},"modified":"2025-11-28T09:37:57","modified_gmt":"2025-11-28T14:37:57","slug":"bip-pr-b-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51099","title":{"rendered":"BIP.PR.B To Be Redeemed"},"content":{"rendered":"<p>Brookfield Infrastructure Partners L.P. <a href=\"https:\/\/bip.brookfield.com\/press-releases\/bip\/brookfield-infrastructure-announces-intention-redeem-its-series-3-preferred\">has announced<\/a>:<\/p>\n<blockquote><p>that it intends to redeem all of its outstanding Cumulative Class A Preferred Limited Partnership Units, Series 3 (the \u201cSeries 3 Preferred Units\u201d) (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.<\/p><\/blockquote>\n<p>BIP.PR.B was issued as a FixedReset, 5.50%+453M550 (Interest + ROC), that <a href=\"http:\/\/prefblog.com\/?p=31501\">commenced trading 2015-12-8<\/a> after being announced <a href=\"http:\/\/prefblog.com\/?p=31413\">announced 2015-12-1<\/a>. It <a href=\"https:\/\/prefblog.com\/?p=41673\">reset at 5.50%<\/a> (the guaranteed minimum) effective 2021-1-1. It is tracked by HIMIPref&trade; and is assigned to the FixedReset-Premium subindex. <\/p>\n<p>Thanks to Assiduous Reader <i>niagara<\/i> for <a href=\"https:\/\/prefblog.com\/?p=41673#comment-15222\">bringing this to my attention<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cSeries 3 Preferred Units\u201d) (TSX: BIP.PR.B) for cash on December &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,26],"tags":[],"class_list":["post-51099","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-return-of-capital"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51099","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=51099"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51099\/revisions"}],"predecessor-version":[{"id":51102,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51099\/revisions\/51102"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}