Q: Want to pass along info from BIP investors relations regarding Unit Split and creation of an Exchange Corporation (BIPC) on how it affects the Brookfield Infrastructure Partners Exchange LP units holder:
1. LP units are exchangeable to BIP.UN 1:1 for 7 years,
2. The exchange is deemed disposition, i.e. taxable, last day to exchange for 2019 tax year is 12/27,
3. LP unit holder will NOT get BIPC shares upon split, only BIP.UN holders get BIPC shares,
4. LP units holder will get equivalent value of additional LP units instead.
Happy Holidays and all the best in 2020 !!
1. LP units are exchangeable to BIP.UN 1:1 for 7 years,
2. The exchange is deemed disposition, i.e. taxable, last day to exchange for 2019 tax year is 12/27,
3. LP unit holder will NOT get BIPC shares upon split, only BIP.UN holders get BIPC shares,
4. LP units holder will get equivalent value of additional LP units instead.
Happy Holidays and all the best in 2020 !!