Brookfield Infrastructure Partners L.P. Declares Quarterly Distribution, Payable on March 31, 2020; Announces Board Changes
February 10, 2020 at 06:44 am EST
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Brookfield Infrastructure Partners L.P. announced that its directors has declared a quarterly distribution in the amount of $0.5375 per unit, payable on March 31, 2020 to unitholders of record as at the close of business on February 28, 2020. This distribution represents a 7% increase compared to the prior year.
After 12 years as Chairman of the Board of Brookfield Infrastructure, Derek Pannell has stepped aside from his role as Chairman, but will continue as an independent director. In conjunction, Anne Schaumburg has agreed to assume the role of Chair of the company. Anne has served on the Board of Brookfield Infrastructure for 11 years
and has been Chair of the Audit Committee for the last 10 years. Anne will continue her role as Chair of the Audit Committee, in addition to her new role as BIP's Chair. Furthermore, Brookfield Infrastructure announce the appointment of Roslyn Kelly to the Board of Brookfield Infrastructure Partners Limited, effective February 7, 2020. Roslyn brings over 25 years of experience in financial markets. She is currently a Senior Managing Director in Mediobanca's Alternative Asset Management Group, based in London. Ms. Kelly has fulfilled various investment banking and portfolio management roles throughout her career within several large global financial institutions. Roslyn will replace John Mullen, who has stepped down from the Board for personal reasons.
Brookfield Infrastructure Partners L.P. is a global infrastructure company. The Company owns and operates in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The Companyâs segments include Utilities, Transport, Midstream, Data and Corporate. The Utilities segment consists of regulated transmission (natural gas and electricity) and commercial and residential distribution (electricity, natural gas, and water connections) operations. The Transport segment comprises infrastructure assets that provide transportation, storage and handling services for merchandise goods, commodities, and passengers. The Midstream segment comprises systems that provide natural gas transmission, gathering and processing, and storage services. The Data segment comprises critical infrastructure servicing customers in the telecommunications, fiber, and data storage sectors. It is also a data center provider.