Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 308

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 10
Chunk 308
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 units and will not be treated as units for purposes of the application of applicable Canadian or U. S. rules relating to takeover bids, issuer bids and tender of...      The units are not exchangeable shares and will not be treated as exchangeable shares for purposes of the application of applicable Canadian or U. S. rules relating to takeover bids, issuer bids...  
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DESCRIPTION OF CLASS A.1 SHARES AND CLASS A.2 SHARES OF BIHC

Description of Class A.1 Exchangeable Shares

The class A.1 exchangeable shares have terms that are substantially the same as the exchangeable shares,

including with respect to the exchange mechanics, dividend rights, voting rights and rights on liquidation.

Holders of class A.1 exchangeable shares are entitled to one (1) vote per share. Each class A.1 exchangeable share has been structured with the intention of providing an economic return equivalent to a unit and the rights, privileges, restrictions and conditions attached to each class A.1 exchangeable share are such that each class A.1 exchangeable share is, as nearly as practicable, functionally and economically, equivalent to an exchangeable share and a unit. In particular:

• each class A.1 exchangeable share is exchangeable at the option of a holder for one (1) 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);

• the class A.1 exchangeable shares are redeemable by BIHC at any time (including following a notice requiring redemption having been given by the partnership) for one (1) 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);

• upon a liquidation, dissolution or winding up of BIHC, holders of class A.1 exchangeable shares are entitled to receive one (1) 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) and not any remaining property or assets of BIHC following such payment;

Brookfield Infrastructure Corporation 241

• upon a liquidation of the partnership