Q: What are your thoughts on holding preferred shares in a non-reg account for income or balanced purposes? If this is a good option, please share 2-3 recommendations or an alternative approach for income. Thanks
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
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Brookfield Infrastructure Partners L.P. (BIP.UN)
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Brookfield Infrastructure Partners L.P. Cumulative Class A Preferred Limited Partnership Units Series 3 (BIP.PR.B)
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Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares (BIPC)
Q: My broker bought for me positions in three different versions of Brookfield Infrastructure. Is one better than the other to own in an unregistered account?
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Brookfield Infrastructure Partners L.P. Cumulative Class A Preferred Limited Partnership Units Series 3 (BIP.PR.B)
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Brookfield Office Properties Inc. Class AAA Preference Shares Series CC (BPO.PR.C)
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Brookfield Office Properties Inc. Class AAA Preference Shares Series EE (BPO.PR.E)
Q: Regarding your earlier response concerning rate reset preferred shares with a minimum reset of 5% (ALA.PR.I, BPO.PR.C, BPO.PR.E, ENB.PF.I, PPL.PR.K, BIP.PR.B), what is the tax implications of the Brookfield ones noted above? Is it foreign income? Are they treated as eligible dividends? Any withholding tax from a U.S. partnership that cannot be recovered would impact the advertised yields. Thanks!