Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 66

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 66
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 http://www. sec. gov. Similar information can also be found on our website at https://bip. brookfield. com/bipc. In addition to carefully considering the disclosure made in this document, shareholders are strongly encouraged to carefully review the partnership’s periodic reporting. The partnership is required to file reports, including annual reports on Form 20-F, and other information with the SEC. The partnership’s SEC filings are available to the public from the SEC’s website noted above. Copies of documents that have been filed with the Canadian securities authorities can be obtained at www. sedarplus. ca. Information about the partnership, including its SEC filings, is also available on its website at https://bip. brookfield. com. The information found on, or accessible through, our website does not form part of this annual report on Form 20-F.

History and Development of our Business

Our company was formed as a corporation established under the BCBCA and is a subsidiary of the partnership. Brookfield is our company’s ultimate parent. We became a separately-traded public company upon completion of the special distribution in March 2020, as described below.

On March 30, 2020, the partnership contributed its U. K. regulated distribution operation and Brazilian regulated gas transmission operation to our company in exchange for loans receivable, exchangeable shares, class B shares and class C shares. On March 31, 2020, the partnership completed a special distribution whereby unitholders, as of record date March 20, 2020, received one exchangeable share for every nine units held (the “special distribution”).

In December 2024, the Arrangement was completed (see “2024 Developments” below for more details), and the previous Brookfield Infrastructure Corporation entity was renamed to Brookfield Infrastructure Holdings Corporation (“ BIHC”) and the exchangeable shares of BIHC were delisted. The exchangeable shares of our company are listed on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “ BIPC”. The registered head office of our company is 250 Vesey Street, New York, NY, 10281, United States. A subsidiary of the partnership owns all of the issued and outstanding class B shares which represent a 75% voting interest in our company and entitle the partnership to the residual value in our company after payment in full of the amount due to holders of exchangeable shares.

Holders of exchangeable shares hold an aggregate 25.0% voting interest in