) for free daily and weekly newsletters, in-depth industry coverage and analysis, and access to ProStation - a powerful tool to help you manage your clients’’ portfolios.: I have held Brookfield Infrastructure Partners LP for years. Recently, a small number of Brookfield Infrastructure Corp. shares appeared in my account.
Under the split, which was completed on March 31, BIP.UN unitholders received one share of BIPC for every nine BIP.UN units held. The new shares didn’t replace BIP.UN units; if you held 100 BIP.UN units before the split, you still had 100 BIP.UN units after the split, plus 11 new BIPC shares and a small amount of cash to reflect the fact that no fractional shares were issued.
If you hold BIP.UN and BIPC in a registered account, the tax treatment is moot and there is no advantage to owning one over the other. However, in a non-registered account, BIPC might be the better choice because of the DTC, and because BIPC’s tax reporting will be more straightforward than BIP.UN.