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Brookfield Infrastructure Partners L.P. Message Board

  • rlp2451 rlp2451 Oct 1, 2013 4:37 PM Flag

    BIP Authorizes $40 Million Buyback

    Under the normal course issuer bid, the Board of Directors of the general partner of Brookfield Infrastructure authorized Brookfield Infrastructure to repurchase up to US$40 million of Units which, based on the closing price of the Units on the TSX on September 30, 2013, equals 1,051,863 Units and represents less than 1% of the public float of the Units on September 30, 2013. At the close of business on September 30, 2013, there were 150,213,524 Units issued and outstanding. Under the normal course issuer bid, Brookfield Infrastructure may purchase up to 29,359 Units on the Toronto Stock Exchang e during any trading day, which represents 25% of the average daily trading volume of 117,438 Units on the Toronto Stock Exchange for the six months ended September 30, 2013. Repurchases are authorized to commence on October 4, 2013 and will terminate on October 3, 2014, or earlier should Brookfield Infrastructure complete its repurchases prior to such date.

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