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MI - Finance Briefs - June 17, 2020
Energy infrastructure company New Fortress Energy LLC converted all of its Class B common shares into Class A shares to move forward with just the single class of shares, the company announced June 10. The conversion will “significantly reduce its future tax distribution obligations,” and instead redirect money to new project development, the company said. New Fortress has LNG and logistics units. Toronto-based infrastructure investor InstarAGF Asset Management Inc. closed its Essential Infrastructure Fund......
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