BIP

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1

I have owned BIP since 2014. Due to changes in brokerages, DRIP plans, sales, spin-offs and so forth I am in the process of reconciling my present BIP holdings with prior splits, and so forth.

I am unable to get any enlightenment on two 1:1 stock splits BIP made in 2016 and 2020. I assume one was for the BIPC spinoff. That is, for every BIP share I held I received 1 BIPC share. Is this correct? And, the other split?

I am in the process of contacting the company, but that will be next week…

Thanks,
–s

PS> One internet site stated that a 1:1 split was the equivalent of a 2:1 split, but that would really throw off the numbers.

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Hi shukansan77!

The 2016 split was a 3 for two split:

https://discussion.fool.com/4056/3-for-2-bip-split-32361615.aspx…

The BIPC split in late March, 2020 was a 1 for 9 split:

https://discussion.fool.com/4056/-brookfield-infrastructure-bip-…

Cheers!
Murph
BL Home Fool
(long BIP and BIPC)

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3

Sorry, the link to the 2020 split was incorrect; here it is:

https://discussion.fool.com/4056/about-the-split-34435057.aspx

Cheers!
Murph
BL Home Fool

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…and since that is a Premium board link, and you may or may not be a Premium member, here is the post:

On March 31, 2020, the holders of BIP’s limited partnership units (“BIP units”) of record as of March 20, 2020 will receive one (1) class A exchangeable subordinate voting share (the “Share”) of BIPC for every nine (9) BIP units held, or approximately 0.11 Shares for each BIP unit. The Shares will be structured with the intention of being economically equivalent to BIP units, including identical distributions, and each Share will be exchangeable at the option of the holder for one BIP unit at any time. The Shares will allow investors the ability to own the equivalent economic exposure to BIP but through a traditional corporate structure.

Cheers!
Murph
BL Home Fool

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5

I have owned BIP since 2014. Due to changes in brokerages, DRIP plans, sales, spin-offs and so forth
I am in the process of reconciling my present BIP holdings with prior splits, and so forth.

Easiest solution:
Do you know what you spent on the position originally?

Assume that the brokers got it all correct, and divide current value by that.

: )
Jim

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6

My Heroes!

In the fine print where this bear of very little brain couldn’t find it was the (thanks Murph!)detail that it was a 9:1 split which delivered BIPC to me.

The notional description was 1:1, which sent me off the wrong way…

Cheers!

–s