Brookfield Infrastructure Partners (BIP), the New York Stock Exchange-listed infrastructure fund managed by Brookfield Asset Management, is to list its shares on the Toronto Stock Exchange.
The firm said in a statement that it has received conditional approval of the listing for its limited partnership units on the Toronto Stock Exchange, the largest public equity market in Canada.
If the firm fulfills all of the listing requirements with the exchange, trading in its units could commence within two weeks under the symbol “BIP.UN”
BIP chief executive officer Sam Pollock said in the statement that the additional listing will enable the firm “to enhance its investor base by appealing to a wider range of investors in the Canadian market”.
Toronto-based Brookfield Asset Management listed BIP on the New York Stock Exchange in early February 2008 at $20.19 to focus on infrastructure investments primarily in Organisation for Economic Cooperation and Development-member states, such as the UK.
The fund is 50 percent owned by Brookfield Asset Management and its employees and directors.
Besides infrastructure, the firm manages property, power generation and other specialty funds, with total assets under management of $80 billion, according to its website.