Distributions to our unitholders are determined by our general partner. Our general partner has adopted a distribution policy under which our partnership currently pays quarterly cash distributions of $0.35 per unit.
This distribution policy targets a distribution level that is sustainable on a long-term basis while retaining sufficient liquidity for capital expenditures within our current operations and general purposes.
We believe that a distribution of 60% to 70% of funds from operations1 (FFO) will allow us to meet these objectives. In light of the per unit FFO growth that we foresee in our operations, we are targeting 3% to 7% annual distribution growth.
It is our current intention to review with our Board our distribution payout targets the first quarter of each year. From time-to-time our distributions may exceed these percentages as a result of acquisitions that are attractive on a long-term cash flow and/or total return basis but are not immediately accretive to FFO.
1 Funds from operations is equal to net income plus depreciation and amortization, deferred taxes and certain other items.
2011 Distributions
| Record Date |
Distribution Date |
Amount |
| November 30, 2011 |
December 30, 2011 |
$0.35 |
| August 31, 2011 |
September 30, 2011 |
$0.35 |
| May 31, 2011 |
June 30, 2011 |
$0.31 |
| February 28, 2011 |
March 31, 2011 |
$0.31 |
2010 Distributions
| Record Date |
Distribution Date |
Amount |
| November 30, 2010 |
December 31, 2010 |
$0.275 |
August 31, 2010
|
September 30, 2010
|
$0.275 |
| May 31, 2010 |
June 30, 2010 |
$0.275 |
| February 26, 2010 |
March 31, 2010 |
$0.275 |
2009 Distributions
| Record Date |
Distribution Date |
Amount |
| November 30, 2009 |
December 31, 2009 |
$0.265 |
| August 31, 2009 |
September 30, 2009 |
$0.265 |
| May 29, 2009 |
June 30, 2009 |
$0.265 |
| February 27, 2009 |
March 31, 2009 |
$0.265 |
2008 Distributions
| Record Date |
Distribution Date |
Amount |
| November 28, 2008 |
December 31, 2008 |
$0.265 |
| August 29, 2008 |
September 30, 2008 |
$0.265 |
| May 30, 2008 |
June 30, 2008 |
$0.265 |
| February 29, 2008 |
March 31, 2008 |
$0.0882* |
|
* This distribution amount has been pro-rated for the period between the spin-off of Brookfield Infrastructure Partners on January 31, 2008 and the record date of the distribution based on the Partnership's initial quarterly distribution of $0.265 per unit. |
Investor Inquiries
For all Brookfield Infrastructure Partners L.P. investor inquiries please call our Unitholder Inquiries Line:
North America 1-866-989-0311
Global 1-416-363-9491
Transfer Agent
For enquiries regarding unit transfers, changes of address, distribution cheques and lost unit certificates, please contact:
BNY Shareowner Services
480 Washington Boulevard
Jersey City, NJ 07310
Toll-Free: 877-243-3717
www.bnymellon.com//shareowner/isd