Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 282

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 282
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.7% indirect interest in the partnership in the form of class A.2 exchangeable shares of BIHC held by Brookfield.

RELATIONSHIP WITH BROOKFIELD INFRASTRUCTURE

Each exchangeable share is structured with the intention of providing an economic return equivalent to one unit (subject to adjustment to reflect certain capital events), including identical dividends on a per share basis as are paid on each unit, and is exchangeable at the option of the holder for one unit (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of our group). See Item 10. B “ Memorandum and Articles of Association - Description of Our Share Capital - Exchangeable Shares - Exchange by Holder - Adjustments to Reflect Certain Capital Events.” We therefore expect that the market price of our exchangeable shares will be significantly impacted by the market price of the units and the combined business performance of our group as a whole. Brookfield Infrastructure holds a 75% voting interest in our company through its holding of our class B shares and which also entitle Brookfield Infrastructure to all of the residual value in our company after payment in full of the amount due to holders of exchangeable shares. Brookfield Infrastructure’s ownership of the class B shares entitle it to receive dividends as and when declared by the board, subject to the holders of exchangeable shares receiving the dividends to which they are entitled, but it is not expected that meaningful dividends will be paid on the class B shares in the ordinary course.

210 Brookfield Infrastructure Corporation

Our company owns all of the class A.1 exchangeable shares and 331/3% of the BIHC class B shares, collectively representing a 50% voting interest in BIHC. Brookfield Infrastructure holds 662/3% of the issued and outstanding BIHC class B shares, which represent a 50% voting interest, and all of the issued and outstanding class C shares, which entitle Brookfield Infrastructure to all of the residual value in BIHC after payment in full of the amount due to holders of class A.1 exchangeable shares, class A.2 exchangeable shares, BIHC class B shares and subject to the prior rights of holders of preferred shares. BIHC acquired its business from Brookfield Infrastructure in connection with the special distribution. In addition, the following agreements and arrangements exist between our company, BIHC and Brookfield Infrastructure.

Pairing Agreement

BIPC, BIHC and the partnership entered into a pairing agreement (the “ Paring