Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 469

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 469
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). We hold a 75% voting interest in BIPC through our ownership of the class B multiple voting shares of BIPC (“class B shares”), and which also entitle us to all of the residual value in BIPC after payment in full of the amount due to holders of BIPC exchangeable shares. Our ownership of the class B shares entitle us to receive dividends as and when declared by the board, subject to the holders of BIPC 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.

BIPC owns all of the class A.1 exchangeable shares, which hold an aggregate 25% voting interest in BIHC. The BIHC class B shares hold an aggregate 75% voting interest in BIHC and are held 662/3% by a subsidiary of the partnership and 331/3% by BIPC. Through their respective ownership of class A.1 exchangeable shares and class B shares, BIPC and Brookfield Infrastructure each hold a 50% voting interest in BIHC. The class C shares are non-voting and are held by a subsidiary of the partnership. Our ownership of the class C shares entitle us to receive 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 us in connection with the special distribution. In addition, the following agreements and arrangements exist between us, BIPC and BIHC.

Voting Agreement

Brookfield Infrastructure and BIHC have determined that it is desirable for BIHC to have control over certain of the entities through which our group holds its interest in NTS (the “ NTS entities”). Accordingly, we have entered into a voting agreement (the “ NTS Voting Agreement”) to provide BIHC with voting rights over the NTS entities.

Pursuant to the NTS Voting Agreement, voting rights with respect to any of the NTS entities will be voted in accordance with the direction of BIHC with respect to certain matters, including: (i) the election of directors; (ii) any sale of all or substantially all of its assets; (iii) any merger, amalgamation, consolidation, business combination or other material corporate transaction, except in connection with any internal reorganization that does not result in a change of