Company: BIPC
Filing Date: 2025-11-20
Form Type: 424B5
Source: 0001104659-25-114241
Chunk: 18

Company: Brookfield Infrastructure Corp
Filing Date: 2025-11-20
Form: 424B5
Chunk 18
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 for RPUs on a one for one basis.

The Brookfield Holders now own approximately 26.58% of the Partnership on a fully-exchanged basis and the remaining approximate 73.42% is held by public investors. Brookfield and Brookfield Wealth Solutions Ltd. have agreed that all decisions to be made by subsidiaries of Brookfield Wealth Solutions Ltd. with respect to the voting of Units held by subsidiaries of Brookfield Wealth Solutions Ltd. will be made jointly by mutual agreement of the applicable Brookfield Wealth Solutions Ltd. subsidiary and Brookfield.

See the Partnership’s Annual Report and “Description of Limited Partnership Units” in the Base Prospectus for further information regarding the principal rights, privileges, restrictions and conditions attaching to the Units. For information regarding the Exchangeable Shares and Class A.2 Shares, see “Description of Share Capital” above.

As of November 18, 2025, there were 119,069,841 class A.1 exchangeable subordinate voting shares of BIHC (“

#### Class A.1 Shares
”) outstanding. All of the issued and outstanding Class A.1 Shares are held by the Company. Each Class A.1 Share is exchangeable at the option of a 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 BIHC). On December 24, 2024, the Company, BIHC and the Partnership entered into a pairing agreement (the “

#### Pairing Agreement
”) pursuant to which the parties agreed that the Company will at all times hold such number of Class A.1 Shares equal to the number of Exchangeable Shares outstanding in order to support the duties and obligations of the Company to holders of the Exchangeable Shares. The Pairing Agreement provides, amongst other things, and unless otherwise agreed at such time, that, (i) if and to the extent the Company raises funds from time to time by way of issuance of Exchangeable Shares for cash, the Company will utilize such funds to subscribe for an equivalent number of Class A.1 Shares; (ii) if and to the extent the Company from time to time repurchases any Exchangeable Shares, BIHC shall redeem (or otherwise repurchase from the Company) an equivalent number of Class A.1 Shares; (iii) BIHC will not, unless substantially concurrent with the redemption of Exchangeable Shares by the Company, redeem any Class A.1 Shares held by the Company; (iv) if and to the extent any