A stapled security is a security that is made up of a unit in a Trust and a share in a Company. Because they are stapled together you cannot trade one without the other. In the case of listed securities, they are jointly quoted on the Australian Stock Exchange ("ASX") as "stapled securities". BBI investors hold one Babcock & Brown Infrastructure Limited (BBIL) share and Babcock & Brown Infrastructure Trust (BBIT) unit "stapled" together and jointly quoted on the ASX under the code "BBI".
Please go to the BBI Web site this is common structure eg MIG also
BBI Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
