Mr. Andrew Willis reports
BROOKFIELD INFRASTRUCTURE ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION
Brookfield Infrastructure Partners LP's underwriters have exercised their overallotment option to purchase an additional 2,526,525 limited partnership units at a price of $24.75 per unit in connection with Brookfield's recently announced approximately $588-million public offering and concurrent private placement. All dollar references are in U.S. dollars unless noted otherwise. Brookfield Infrastructure will receive additional net proceeds of approximately $60-million from the exercise of the overallotment option. Closing of the overallotment option is expected to occur contemporaneously with the public offering on or about Oct. 26, 2011.
In connection with the exercise of the overallotment option, Brookfield Asset Management Inc. has exercised its option to purchase an additional approximately $26-million of redeemable partnership units from Brookfield Infrastructure. The Brookfield option will close concurrently with the overallotment option. Following the closing of the overallotment option and the Brookfield option, Brookfield will continue to hold an approximate 30-per-cent interest in Brookfield Infrastructure on a fully exchanged basis.
RBC Dominion Securities Inc., Credit Suisse Securities (Canada) Inc., Citigroup Global Markets Inc. and HSBC Securities (Canada) Inc. acted as joint book-running managers of the offering.
We seek Safe Harbor.
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