When BBI did their recap existing BBI unit holders got 1 unit in the new entity PIH for every 15000 units they held in BBI. The unit price did rise to $4.00 after the recap but if you had started with 500,000 BBI you would have wound up with 33 PIH worth $132.00. It was then taken out by Brookfield who paid a 20c distribution, wow!, another $6.60 to put in the bank.
