Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 80

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 80
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 class B shares, BIPC and the partnership each hold a 50% voting interest in BIHC.

(8) As of December 31, 2024, the partnership had outstanding 461,855,350 units and an equal number of Managing General Partner Units are held by the partnership in the Holding LP. As of December 31, 2024, Brookfield holds 1,399,230 of the outstanding units and BWS holds 3,287,267 of the outstanding units.

(9) Brookfield has provided an aggregate of $20 million of working capital to certain of these holding entities through a subscription for preferred shares.

(10) On February 4, 2025, BAM and BN completed a corporate restructuring whereby BN transferred its approximate 73% interest in the Asset Management Company to BAM in exchange for newly issued class A limited voting shares of BAM on a one-for-one basis. Following completion of this corporate restructuring, the Asset Management Company is now wholly-owned, directly and indirectly, by BAM, and BN owns approximately 73% of the class A limited voting shares of BAM.

Our Company

BIPC and BIHC were incorporated under the BCBCA on October 3, 2024 and August 30, 2019, respectively. See Item 4. A “ History and Development of Brookfield Infrastructure - History and Development of our Business”.

The Partnership

The partnership owns and operates high quality, essential, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. The partnership focuses on assets that have contracted and regulated revenues that generate predictable and stable cash flows.

The partnership is a Bermudian exempted limited partnership that was established on May 21, 2007 and spun off from Brookfield on January 31, 2008.

The partnership’s sole material asset is its managing general partnership interest and preferred limited partnership interest in the Holding LP. The partnership serves as the Holding LP’s managing general partner and has sole authority for the management and control of the Holding LP. The partnership anticipates that the only distributions that it will receive in respect of the partnership’s managing general partnership interest and preferred limited partnership interest in the Holding LP will consist of amounts that are intended to assist the partnership in making distributions to its unitholders in accordance with the partnership’s distribution policy, to its preferred unitholders in accordance with the terms of its preferred units and to allow the partnership to pay expenses as they become due. The declaration and payment of