Exchange Bulletin

BIP Investment Corporation (BIK.PR.A) To Trade On Toronto Stock Exchange

February 1, 2019

Issuer: BIP Investment Corporation  

Security Symbol Issued and Outstanding Securities Reserved Securities Issue Price
Senior Preferred Shares, Series 1 (the "Series 1 Shares") BIK.PR.A 4,000,000 None $25.00
Listing category: Industrial, Exempt
Trading currency: CDN$
Transaction: Initial public offering of Series 1 Shares (the "Offering")
Listing date: February 4, 2019 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: February 5, 2019 (prior to the opening)
Posted for trading date: February 5, 2019 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: Mackie Research Capital Corp.
Security ownership registration: Non-certificated inventory system
Investor relations: Melissa Low Vice-President, Investor Relations (416) 956-5239 - AND – Claire Holland Vice-President, Communications (416) 369-8236
Incorporation: The Company was established under the Business Corporations Act (British Columbia) on August 31, 2018.
Fiscal year end: December 31
Nature of business: The Company is an indirect wholly-owned subsidiary of Brookfield Infrastructure Partners L.P. (the "Partnership") (Symbol: BIP.UN). The Series 1 Shares will be fully and unconditionally guaranteed by the Partnership. The Company will operate principally for the purpose of issuing senior preferred shares and serve as an investment holding company. The Company's principal investments will initially consist of indirect interests in (i) Enercare Inc., which was acquired by the Partnership and its institutional partners on October 16, 2018; and (ii) the Western Canadian natural gas gathering and processing business of Enbridge Inc. Completion of this transaction is subject to certain closing conditions and customary regulatory approvals and is expected to close in two phases, with the facilities subject to provincial regulation having achieved financial close on October 1, 2018 and those subject to federal regulation expected to close in mid-2019.
Transfer agent and registrar: Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto.
Distributions: Payable quarterly on or about the last day of March, June, September and December
Annual dividend rate: 1.4625 per Series 1 Share
Initial dividend payment: 0.2164 per Series 1 Share on March 31, 2019
Redemption: Not redeemable prior to March 31, 2024. Redeemable on March 31, 2024 and on March 31 every five years thereafter at a price of $25.00 per share together with all declared and unpaid dividends up to but excluding the date fixed for redemption.
Conversion: At the option of the holder, convertible on March 31, 2024 and on March 31 every five years thereafter into Senior Preferred Shares, Series 2.
Sponsorship: Not applicable
Offering document: Prospectus supplement dated January 29, 2019 which is available at Capitalized terms not otherwise defined herein are as defined in the prospectus supplement.
TSX contact: Chris Birkett, Director, Toronto Stock Exchange.