Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 131

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 131
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ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS

7. A MAJOR SHAREHOLDERS

The following table presents information regarding the beneficial ownership of our exchangeable shares by each person or entity that beneficially own 5% or more of our exchangeable shares as at December 31, 2024. The exchangeable shares held by our principal shareholders do not entitle such shareholders to different voting rights than those of other holders of our exchangeable shares. However, the exchangeable shares and the class B shares have different voting rights. Holders of exchangeable shares hold a 25% voting interest in our company and holders of the class B shares hold a 75% voting interest in our company. See Item 10. B “ Description of Our Share Capital - Exchangeable Shares - Voting” and Item 10. B “ Description of Our Share Capital - Class B Shares - Voting”.

                          Shares Outstanding                                                        
  Name and Address        Shares Owned (1)                                 Percentage (2)           
  BN (3)                                          13,012,789      (3)                 9.9      (3)  
  FMR LLC (4)                                     11,790,586      (4)                 8.2      (4)  
  Blackrock, Inc (5)                               8,810,496      (5)                 6.7      (5)  

(1) Beneficial ownership is determined in accordance with the rules of the SEC and generally includes voting or investment power with respect to securities. Exchangeable shares relating to securities currently exercisable or exercisable within sixty (60) days of the date of this table are deemed outstanding for computing the percentage of the person holding such securities but are not deemed outstanding for computing the percentage of any other person.

(2) The percentages shown are based on 119,039,120 exchangeable shares issued and outstanding as of December 31, 2024. In the case of BN, the percentage includes 13,012,789 class A.2 exchangeable shares beneficially owned by BN.

(3) As reported in BN’s Schedule 13D/A filed on our EDGAR profile at www. sec. gov on December 27, 2024, BN may be deemed to be the beneficial owner of 13,012,789 exchangeable shares. BN, including through its wholly-owned subsidiary, BIPC Holding LP (the “ BN Subsidiary”), holds 13,012