Brookfield Infrastructure Renews Its Normal Course Issuer Bids
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Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Corporation (BIPC) have announced the renewal of their normal course issuer bids for their respective units and shares, as accepted by the Toronto Stock Exchange.
November 28, 2024 | 12:00 am
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POSITIVE IMPACT
Brookfield Infrastructure Partners L.P. has renewed its normal course issuer bid for its LP Units and Preferred Units, indicating a potential buyback of shares.
The renewal of the normal course issuer bid suggests that BIP may buy back its shares, which can be seen as a positive signal to the market, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Brookfield Infrastructure Corporation has renewed its normal course issuer bid for its Exchangeable Shares, indicating a potential buyback of shares.
The renewal of the normal course issuer bid suggests that BIPC may buy back its shares, which can be seen as a positive signal to the market, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80