Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 342

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 14
Chunk 342
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ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

On December 24, 2024, the partnership, BIHC and BIPC completed the Arrangement pursuant to which (i) holders of BIHC’s exchangeable shares, other than Brookfield, received BIPC’s exchangeable shares in exchange for their exchangeable shares of BIHC on a one-for-one basis; (ii) Brookfield transferred their exchangeable shares of BIHC to BIPC in exchange for class A.2 exchangeable shares on a one-for-one basis; (iii) the exchangeable shares of BIHC were delisted; and (iv) the exchangeable shares of BIPC were listed on the NYSE and the TSX. The exchangeable shares of BIPC provide the same economic benefits and governance of investing in BIHC prior to the Arrangement. The exchangeable shares are listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol “ BIPC”.

ITEM 15. CONTROLS AND PROCEDURES