BIP.UN and BIPC EPS

Thank you.

Hi there,

I could not find an easy answer - so I went straight to their investor relations. This was their response:

Thank you for your email. The EPS from BIPC reflects the results of the two BIP assets that were transferred to BIPC which, enabled it to become a separate reporting issuer/listed company. As such, BIPC is required to file public financing statements and the EPS reported is reflective of the performance of these two assets. The economics of owning the BIPC shares is equivalent to owning all of BIP’s assets through the partnership structure, both securities have the same portfolio and weightings of holdings and therefore the business should be evaluated using BIP LP’s results and not BIPC’s standalone financials.

As you can see, the key statement here is the last part - the business should be evaluated using BIP.UN's financials.

Mat

Thanks Mat.
Looking forward to what you come up with.

That is a great question - I've checked some other sites and they are all different (don't even match what RBC has). Let me do some more digging and find out.

Mat