Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 6

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 10
Chunk 6
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 Preferred Units are issuable upon the

298 Brookfield Infrastructure

automatic exchange of the 5.000% subordinated notes due 2081 (the “2081 Notes”) issued by Alberta Finco in May 2021. Subject to early redemption provisions, the Series 15 Preferred Units are redeemable by our partnership any time on or after May 24, 2026 for $25.00 per Series 15 Preferred Unit, together with all accrued and unpaid distributions. The Series 16 Preferred Units are issuable upon the

automatic exchange of the 7.250% subordinated notes issued by Alberta Finco in May and June

2024 (the “2084 Notes”). Subject to early redemption provisions, the Series 16 Preferred Units are

redeemable by our partnership any time on or after May 31, 2029 for $25.00 per Series 16

Preferred Unit, together with all accrued and unpaid distributions. The Series 17 Preferred Units

are issuable upon the automatic exchange of the fixed-to-fixed reset rate subordinated notes issued

by Alberta Finco in November 2024 (the “2055 Notes”). Subject to early redemption provisions, the

Series 17 Preferred Units are redeemable by our partnership at any time from December 15, 2029

to and including March 15, 2030 and on March 15 and September 15 in each year thereafter, for

$1,000.00 per Series 17 Preferred Unit, together with all accrued and unpaid distributions.

Our preferred units do not have a fixed maturity date and are not redeemable at the option of preferred unitholders.

Issuance of Additional Partnership Interests

Subject to the rights of the holders of Class A Preferred Units to approve issuances of additional partnership interests ranking senior to the Class A Preferred Units with respect to priority in the payment of distributions and in the distribution of the assets in the event of the liquidation, dissolution or winding-up of our partnership, whether voluntary or involuntary, our General Partner has broad rights to cause our partnership to issue additional partnership interests and may cause our partnership to issue additional partnership interests (including new classes of partnership interests and options, rights, warrants and appreciation rights relating to such interests) for any partnership purpose, at any time and on such terms and conditions as it may determine without the approval of any limited partners. Any additional partnership interests may be issued in one or more classes, or one or more series of classes, with such designations, preferences, rights