I forgot to mention Brookfield were generous with those holders who wanted to cash out rather than put in 178:1 units. Have a read of their generous offer:
"As part of the Entitlement Offer, the Underwriter has agreed that under certain conditions, it will provide unitholders with an opportunity to exit their investment in the Fund if they wish to do so. This will be implemented by granting unitholders on the register at the record date for the Entitlement Offer with a cash-out facility in relation to their existing units. The price under the cash-out facility will be 0.1 cents per unit. The cash-out facility is subject to certain conditions including formal launch of the Entitlement Offer, despatch of the offer materials, completion of the Entitlement Offer and receipt of necessary approvals and regulatory relief."
So existing holders were offered 0.1 of one cent per unit in cash. For every 100,000 units they held, holders received $100 in cash for the pleasure of not participating in the murder.
BBI Price at posting:
5.3¢ Sentiment: Sell Disclosure: Not Held