Brookfield Infrastructure Corp Exchangeable Subordinate Voting Shares (BIPC)
NYSE · Common · CUSIP 11275Q107
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Security Profile

Security Type
Common Stock
CUSIP
11275Q107
Market Cap
Large Cap
Parent Company
Brookfield Infrastructure Partners L.P. (BIP)
Business: Brookfield Infrastructure Corp was established by Brookfield Infrastructure as a vehicle to own and operate certain infrastructure assets on a global basis. The Company owns and operates regulated gas transmission systems in Brazil and of regulated distribution operations in the United Kingdom. The Company seeks acquisition opportunities in other sectors with similar attributes and in which it can deploy our operations-oriented approach to create value.
Notes: March 13, 2020 -- Brookfield Infrastructure Partners L.P. will have a planned special distribution, by the partnership to the holders of its non-voting limited partnership units, or units, of approximately 32.8 million class A exchangeable subordinate voting shares, of Brookfield Infrastructure Corporation. Holders of units as of March 20, 2020, the record date for the special distribution, will be entitled to receive one (1) exchangeable share for every nine (9) units held as of the record date, provided that the special distribution will be subject to any applicable withholding tax and no holder will be entitled to receive any fractional interests in the exchangeable shares. Each exchangeable share will be structured with the intention of providing an economic return equivalent to one unit (subject to adjustment to reflect certain capital events). Each exchangeable share will be exchangeable at the option of the holder for one unit (subject to adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of our company). These new shares are expected to start trading on the NYSE when issued on 03/19/2020 and issued on 03/31/2020 under ticker BIPC

Company Contact

CEO
Sam Pollock
CFO
Hadley Peer Marshall
Investor Relations
Rene Lubianski · 416-956-5129 · bip.enquiries@brookfield.com
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