Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 281

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 281
---
 any actions taken or proposed to be taken in respect thereof as set out herein.

Brookfield Infrastructure Corporation 209

The foregoing list of potential and actual conflicts of interest does not purport to be a complete enumeration or explanation of the conflicts attendant to an investment in our group (or Brookfield Accounts in which our group invests). Additional conflicts may exist, that are not presently known to our company’s board of directors, Brookfield or are deemed immaterial. In addition, as the Brookfield activities and the investment program of our group and Brookfield Accounts in which our group invests change over time, an investment in our group (or Brookfield Accounts in which our group invests) may be subject to additional and different actual and potential conflicts of interest. Additional information about potential conflicts of interest regarding Brookfield is set forth in Brookfield’s Form ADV, which prospective investors should review prior to purchasing units. Prospective investors should consult with their own advisers regarding the possible implications on their investment in our group (or Brookfield Accounts in which our group invests) of the conflicts of interest described herein.

In certain circumstances, these transactions are likely to be related party transactions for the purposes of and subject to certain requirements of Canadian Multilateral Instrument 61-101-Protection of Minority Security Holders in Special Transactions (“MI 61-101”). MI 61-101 provides a number of circumstances in which a transaction between an issuer and a related party may be subject to valuation and minority approval requirements. An exemption from such requirements is available when the fair market value of the transaction is not more than 25% of the market capitalization of the issuer. The partnership has been granted exemptive relief from the requirements of MI 61-101 that, subject to certain conditions, permits it to be exempt from the minority approval and valuation requirements for transactions that would have a value of less than 25% of the partnership’s market capitalization if the outstanding Redeemable Partnership Units, exchangeable shares and class A.2 exchangeable shares are included in the calculation of the partnership’s market capitalization. As a result, the 25% threshold above which the minority approval and valuation requirements would apply is increased to include, as of March 20, 2025, the approximately 24.3% indirect interest in the partnership in the form of Redeemable Partnership Units held by Brookfield, the approximately 15.2% indirect interest in the partnership in the form of exchangeable shares of BIPC held by the public, and approximately 1