Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 320

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 10
Chunk 320
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 such capital gain or loss will be long-term capital gain or loss if such holder’s holding period for the exchangeable shares exceeds one year at the time of disposition. Gain or loss recognized by a U. S. Holder generally will be treated as U. S.-source gain or loss for foreign tax credit limitation purposes. Long-term capital gains of non-corporate U. S. Holders generally are taxed at preferential rates. The deductibility of capital losses is subject to limitations.

The U. S. federal income tax consequences described in the preceding paragraph should also apply to a U. S. Holder (i) whose exchange request is satisfied by the delivery of cash or units by Brookfield pursuant to the Rights Agreement, or (ii) whose exchange request is satisfied by the delivery of cash by the partnership pursuant to the exercise of the partnership call right. For the U. S. federal income tax consequences to a U. S. Holder whose exchange request is satisfied by the delivery of units pursuant to the partnership’s exercise of the partnership call right, see the discussion below under the heading “ - Exercise of the Partnership Call Right”. The U. S. federal income tax consequences to a U. S. Holder whose exchange request is satisfied by the delivery of cash or units by our company are described in the following paragraph.

Brookfield Infrastructure Corporation 249

A redemption or exchange of exchangeable shares satisfied by our company will be treated as a sale or exchange as described above if such redemption or exchange is (i) in “complete redemption” of the U. S. Holder’s equity interest in our company (within the meaning of Section 302(b)(3) of the U. S. Internal Revenue Code), (ii) a “substantially disproportionate” redemption of stock (within the meaning of Section 302(b)(2) of the U. S. Internal Revenue Code), or (iii) “not essentially equivalent to a dividend” (within the meaning of Section 302(b)(1) of the U. S. Internal Revenue Code). In determining whether any of these tests has been met with respect to the redemption or exchange of the exchangeable shares, you may be required to take into account not only the exchangeable shares and other equity interests in our company that you actually own but also other equity interests in our company that you constructively own within the meaning of Section 318 of the U. S. Internal Revenue Code. If you own (actually or constructively) only an insubstantial percentage of the total equity