2021 distributions increased by 5% - 12th consecutive annual increase
/EIN News/ BROOKFIELD, NEWS, Feb. 03, 2021 (GLOBE NEWSWIRE) Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced its results for the fourth quarter ended December 31, 2020.
“2020 provided a unique backdrop to showcase the resilience and strength of our business,” said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. “We were also able to invest in high quality assets that were immediately accretive to our results. We are beginning 2021 with a robust liquidity position which will allow us to pursue attractive opportunities and convert them into meaningful investments.”
December 31,
Brookfield reported net income for the year of $394 million ($0.35 per unit) compared to $233 million ($0.06 per unit) in the prior year. Net income for the year benefited from organic growth across our regulated and contracted operations, contributions from recently completed acqu
Brookfield Infrastructure Announces Management Changes GlobeNewswire
2020-12-30
BROOKFIELD, NEWS, Dec. 30, 2020 (GLOBE NEWSWIRE) Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced the appointment of David Krant as Chief Financial Officer of Brookfield Infrastructure, effective March 1, 2021. Mr. Krant succeeds Bahir Manios, who will retain a senior role with Brookfield Infrastructure as Chief Strategy Officer and take on the role of Chief Investment Officer of Brookfield Asset Management’s newly created reinsurance business. In addition, Mr. Manios will retain his responsibilities with respect to Brookfield’s private infrastructure funds.
“Brookfield Infrastructure has grown to be one of the largest and most globally diversified infrastructure companies in the world. These management changes will allow Bahir and David to continue to meaningfully contribute as we look to take advantage of future growth opportunities,â€
Brookfield Infrastructure Announces Results of Reclassification of its Series 3 Preferred Units GlobeNewswire
2020-12-18
BROOKFIELD, NEWS, Dec. 18, 2020 (GLOBE NEWSWIRE) Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that after having taken into account all election notices received by the December 16, 2020 deadline for the reclassification of its Cumulative Class A Preferred Limited Partnership Units, Series 3 (the “Series 3 Unitsâ€