Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 291

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 291
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, our outstanding issued Preferred Units changed as follows:

                                         2024                                     2023                                 
  MILLIONS, EXCEPT UNIT INFORMATION      Book Value                               Book Value                           
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Outstanding at beginning of year       $               918      43,901,312      $               918      43,901,312  
  Outstanding at end of year             $               918      43,901,312      $               918      43,901,312  

During the year ended December 31, 2022, our partnership redeemed all of its outstanding Cumulative Class A Preferred Limited Partnership units, Series 7, for $243 million. Losses on redemption of $23 million were recognized directly in equity.

5. C RESEARCH AND DEVELOPMENT, PATENTS AND LICENSES, ETC.

Not applicable.

5. D TREND INFORMATION

See Item 5. A “ Operating Results - Segmented Disclosures - Utilities - Recent Developments”

We seek to increase the cash flows from our operations through acquisitions and organic growth opportunities as described below. In particular, we focus on consortiums and partnerships where Brookfield has sufficient influence or control to deploy our operations oriented approach and Brookfield has a strong track record of leading such transactions, which provides the opportunity to expand cash flows through acquisitions. In addition, we have a substantial capital backlog to be commissioned in the next two to three years and we believe that notwithstanding increasing political uncertainty, most of our markets have favorable outlooks, which we believe provides an opportunity for increased organic growth in cash flows. Our beliefs as to the opportunities for our partnership to increase cash flows through acquisitions and organic growth are based on assumptions about our business and markets that management believes are reasonable in the circumstances. There can be no assurance as to growth in our cash flows, or capital deployed for acquisitions or organic growth. See page 5, “ Forward-Looking Statements”.

We believe our global scale and best-in-class operating groups provide us with a unique competitive advantage as we are able to efficiently allocate capital around the world toward those sectors and geographies where we see the greatest returns. We actively recycle assets on our balance sheet as they mature and reinvest the proceeds into higher yielding investment strategies, further enhancing returns.

Three prominent macroeconomic themes have resulted in Brookfield Infrastructure effectively securing our annual investment target for 2023 and 2024. We believe these themes will continue to create significant investment opportunities going forward