Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 21

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 3
Chunk 21
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 success will depend on the continued service of these individuals, who are not obligated to remain employed with Brookfield. Brookfield has experienced departures of key professionals in the past and may do so in the future, and we cannot predict the impact that any such departures will have on our group’s ability to achieve its objectives. The departure of a significant number of Brookfield’s professionals for any reason, or the failure to appoint qualified or effective successors in the event of such departures, could have a material adverse effect on our group’s ability to achieve its objectives. The Master Services Agreement does not require Brookfield to maintain the employment of any of its professionals or to cause any particular professionals to provide services to us or on our behalf.

Brookfield’s and Brookfield Infrastructure’s ownership position in our company entitles them to a significant percentage of our dividends, and Brookfield may increase its ownership relative to other shareholders.

As of March 20, 2025, Brookfield beneficially owns, directly or indirectly, all of the issued and outstanding class A.2 exchangeable shares, entitling it to dividends from BIHC equivalent to the dividends received by exchangeable shareholders. Brookfield Infrastructure owns all of the issued and outstanding class B shares of our company, which represent a 75% voting interest and entitle the partnership to all of the residual value in our company after payment in full of the amount due to holders of exchangeable shares. Brookfield Infrastructure’s ownership of class B shares entitles it to receive dividends as and when declared by our board. Brookfield Infrastructure also holds 662/3% of the issued and outstanding BIHC class B shares, which represent a 50% voting interest, and all of the issued and outstanding class C shares, which entitle Brookfield Infrastructure to all of the residual value in BIHC after payment in full of the amount due to holders of class A.1 exchangeable shares, class A.2 exchangeable shares, BIHC class B shares and subject to the prior rights of holders of preferred shares. Brookfield Infrastructure’s ownership of class C shares entitle it to dividends as and when declared by BIHC’s board. Accordingly, Brookfield Infrastructure’s ownership position of class B shares of our company and class C shares allows it to receive a substantial percentage of our and BIHC’s dividends and Brookfield’s ownership of class A.2 exchangeable shares entitle it to receive a substantial percentage of dividends from BIHC equivalent to the dividends received by exchangeable shareholders. In addition, Brookfield