Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 222

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 222
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 aspects of existing businesses, the policies and procedures to identify and resolve such conflicts of interest will continue to be developed over time.

• Cross Trades and Principal Trades. When permitted by applicable law and subject to and in accordance with applicable law and the terms of the governing documents of the applicable Brookfield Account, Brookfield may (but is under no obligation) to cause our group (or a Brookfield Account in which our group invests) to acquire or dispose of investments in cross trades between our group (or a Brookfield Account in which our group invests) and other Brookfield Accounts or effect principal transactions where Brookfield causes our group (or a Brookfield Account in which our group invests) to purchase investments from or sell investments to Brookfield, provided that any such transaction be approved to the extent required by the governing documents and applicable law. Under our governing documents, where our group engages in cross trades with other Brookfield Accounts or effects principal transactions with Brookfield, such transactions are subject to the approval of our independent directors (subject to certain exceptions), which approval is deemed to constitute the approval of, and binding upon, our group. Our company’s independent directors have generally approved cross trades between our group and other Brookfield Accounts provided they are executed in accordance with parameters described in this annual report on Form 20-F. Principal trades between our group and Brookfield

172 Brookfield Infrastructure Corporation

Accounts are generally subject to approval by our independent directors on a case-by-case basis. Similarly, we (and other investors in Brookfield Accounts in which our group invests) have generally approved cross trades between such Brookfield Accounts and other Brookfield Accounts provided they are executed in accordance with parameters described in the applicable Brookfield Accounts’ governing documents, while principal trades between such Brookfield Accounts and other Brookfield Accounts are subject to their investors’ consent on a case-by-case basis (which is generally obtained via their limited partner advisory committees or other analogous bodies), which approvals will be deemed to constitute the approval of, and be binding upon, the Brookfield Accounts in which our group invests. Whether a transaction is a “principal trade” under the Advisers Act, and therefore requires independent approval (i. e., by our independent directors on our behalf or the limited partner advisory committee of a Brookfield Account on such account’s behalf), depends on the precise structure of such transaction. In certain circumstances, Brookfield will structure a transaction in a manner so that it is not considered a “principal trade”.

There may be potential conflicts of interest or regulatory issues relating