Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 219

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 219
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 rights it holds in a different manner, and/or selling its interests at different times than our group (and the Brookfield Accounts in which our group invests)), which could adversely impact the (direct and/or indirect) interests of our group (and the Brookfield Accounts in which our group invests). The Walled-Off Businesses and Walled-Off Business Accounts are also expected to take positions, give advice and provide recommendations that are different, and potentially contrary to those which are taken by, or given or provided to, our group (and the Brookfield Accounts in which our group invests), and are expected to hold interests that potentially are adverse to those held by our group (and the Brookfield Accounts in which our group invests) (directly or indirectly). Our group (and the Brookfield Accounts in which our group invests), on the one hand, and Walled-Off Business Accounts, on the other hand, will in certain

170 Brookfield Infrastructure Corporation

cases have divergent interests, including the possibility that the interests of our group (and the Brookfield Accounts in which our group invests) are subordinated to Walled-Off Business Accounts’ interests or are otherwise adversely affected by Walled-Off Business Accounts’ involvement in and actions related to an investment. Walled-Off Businesses will not have any obligation or other duty to make available for the benefit of our group (and the Brookfield Accounts in which our group invests) any information regarding its activities, strategies and/or views.

Walled-Off Businesses, including Oaktree, may provide similar information, support and/or knowledge to Brookfield, and the conflicts (and potential conflicts) of interest described above will apply equally in those circumstances.

The potential conflicts of interest described herein are expected to be magnified as a result of the lack of information sharing and coordination between Brookfield and the Walled-Off Businesses. The investment team of our group (and the Brookfield Accounts in which our group invests) is not expected to be aware of, and will not have the ability to manage, such conflicts. This will be the case even if they are aware of a Walled-Off Business’s investment activities through public information.

Brookfield and Oaktree or any other Walled-Off Business may decide, at any time and without notice to our group (and the Brookfield Accounts in which our group invests) or the investors, to remove or modify the information barrier between Brookfield and such Walled-Off Business. In the event that the