Insights; Podcasts; Newsroom; Footer menu. The words believe, expect, will derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. PURPOSE OF THE CORPORATION . This is a formidable utility franchise in a highly sought-after jurisdiction. Brookfield Infrastructure Fund III is a closed private equity fund managed by Brookfield Infrastructure Partners . In general, the distributions you receive should equal the sum of (i) the net of all income and expenses and (ii) return of capital, reported on Form T5013. Brookfield Asset Management is a global alternative asset manager with over USD $625 billion in assets under management (as of June 30, 2021). Brookfield Infrastructure Fund Ii-a is based out of New York. Brookfield Infrastructure Partners L.P. - Google When will I (non-registered unitholder) receive my Tax Form (T5013)? 1.1446(f)-4(b)(3)(iii) as applicable. Payments from holding companies in Canada to a US resident such as dividends may be subject to withholding taxes. FFO benefited from inflationary-indexation and additions to rate base, as well as the acquisition of an additional interest in our Brazilian regulated gas transmission business completed during the year. Brookfield Infrastructure Fund IV-A, L.P. Mailing Address: c/o Brookfield Asset Managemetn Inc. Brookfield Place 250 Vesey Street New York, New York 10281-023: . Forward-looking statements in this news release may include statements regarding expansion of Brookfield Infrastructures business, the likelihood and timing of successfully completing the transactions referred to in this news release, statements with respect to our assets tending to appreciate in value over time, the future performance of acquired businesses and growth initiatives, the commissioning of our capital backlog, the pursuit of projects in our pipeline, the level of distribution growth over the next several years and our expectations regarding returns to our unitholders as a result of such growth. Shareholder correspondence should be mailed to: Brookfield Infrastructure Fund II is a 2013 vintage infrastructure core fund managed by Brookfield Asset Management. The rate of withholding varies, amongst other factors, depending on a holders country of tax residence, type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners transfer agent in the case of registered unitholders) with the appropriate Internal Revenue Service (IRS) Form (Form W-8BEN, W-8BEN-E, W-8-ECI, W-8EXP, W-8IMY or W-9) and Canada Revenue Agency (CRA) Form (Form NR301, NR302, and NR303). Previously issued notices can be found in the Qualified Notices section below. What Tax Form will I receive as a Canadian Unitholder? The fund is located in New York, New York. The regular quarterly dividends on the Cumulative Class A Preferred Limited Partnership Units, Series 1, Series 3, Series 7, Series 9, Series 11, Series 13 and Series 14 have also been declared, as well as the dividend for BIP Investment Corporation Senior Preferred Shares, Series 1. Chief Executive Officer, Insurance Solutions, John Hancock Life Insurance Company of New York, Youre viewing 5 of 24 limited partners. The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. The fund prefers to make impact investments in infrastructure. VLI transports millions of tons of agricultural products and steel products that are critical to the Brazilian economy. BIF II in $7bn final close - Infrastructure Investor An fundraising target was not disclosed. We begin this year with a strong liquidity position and half of our 2022 deployment target already secured.. Basic and diluted earnings per unit attributable to: Earnings from investments in associates and joint ventures, net of distributions received, Mark-to-market on hedging items, provisions and other, Net settlements of foreign exchange contracts, Distributions to limited and general partners, Net capital provided (to) by non-controlling interest and other, Share of losses (earnings) from investments in associates and joint ventures, FFO contribution from investments in associates and joint ventures, FFO attributable to non-controlling interests, Loans payable to Brookfield Infrastructure, Equity in net assets attributable to the Partnership, Remeasurement of exchangeable and class B shares, Mark-to-market and other (expense) income, Mark-to-market on hedging items and other, Disposal of subsidiaries, net of cash disposed, Purchase of long-lived assets, net of disposals, Settlement of foreign exchange hedging items, Capital provided to non-controlling interest, Proceeds from borrowings, net of repayments, Mark-to-market on hedging items and foreign currency revaluation, Dividends classified as interest expense and interest expense on intercompany loans. This is a profile preview from the PitchBook Platform. Brookfield on track to raise $3bn for latest infra debt strategy - exclusive The manager was originally targeting $1.75bn for its second mezzanine fund, expected to reach a final close as early as end of October. Conference Call and Quarterly Earnings Details. Email:bip.enquiries@brookfield.com, Evolving to offer the best of both worlds, Previously issued notices can be found in the Qualified Notices section below, Please also see a letter from counsel on this issue, Please also see a letter from counsel on this issue below, BIP Taxation Overview - Australian Investors, BIP Taxation Overview - European Investors, Market Value Information for Units of Brookfield Infrastructure Partners, 2023 Withholding Tax Information for Distributions, 2022 Canadian Taxable Income Calculation (Common), 2022 Canadian Taxable Income Calculation (Preferred - Series 1), 2022 Canadian Taxable Income Calculation (Preferred - Series 3), 2022 Canadian Taxable Income Calculation (Preferred - Series 7), 2022 Canadian Taxable Income Calculation (Preferred - Series 9), 2022 Canadian Taxable Income Calculation (Preferred - Series 11), 2022 Canadian Taxable Income Calculation (Preferred - Series 13), 2022 Canadian Taxable Income Calculation (Preferred - Series 14), Calculation of Adjusted Cost Base (Common), Calculation of Adjusted Cost Base (Preferred - Series 1), Calculation of Adjusted Cost Base (Preferred - Series 3), Calculation of Adjusted Cost Base (Preferred - Series 7), Calculation of Adjusted Cost Base (Preferred - Series 9), Calculation of Adjusted Cost Base (Preferred - Series 11), Calculation of Adjusted Cost Base (Preferred - Series 13), Calculation of Adjusted Cost Base (Preferred - Series 14). For Canadian residents, in general, a unitholder's tax cost of his/her Brookfield Infrastructure Partners units should equal the sum of (i) the amount paid to acquire the units and (ii) the net of all income and expenses reported on Form T5013, minus the cash distributions received. Sec. Brookfield Infrastructure Debt Fund II is focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well . Why havent I received a K-1? 2021 was a remarkable year for Brookfield Infrastructure, highlighted by our strong organic growth, capital recycling accomplishments, and the deployment of significant capital into new investments and other growth initiatives, said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. This distribution represents a 6% increase compared to the prior year. Sec. Box 171 on the T5013 tax slip should show the foreign taxes withheld. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. The amount of interest, dividends and returns of capital that is earned and then allocated to unitholders will vary depending upon the particular business unit(s) from which funds are sourced. Brookfield Infrastructure Partners U.S. operations are carried out through U.S. resident corporate subsidiaries. 5 Place du March A. Rousset. 83870 Signes. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. Is Brookfield Infrastructure Partners a Specified Foreign Property? Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Are units considered foreign property for the purposes of the Canada Revenue Agency T-1135 Form Foreign Income Verification Statement? Brookfield Infrastructure Partners is a Bermuda based limited partnership. Click here to register, Not for publication, email or dissemination, AIMCo toasts conventional and renewable energy after 16.8% return, Driving sustainability: Bio-based innovations for roads, I Squared rainmaker Andreas Moon resigns exclusive, Q1 fundraising its not closing time yet, Whats the benefit to us? Alaska Permanent Fund questions GPs clubbing on deals, OMERS global infra chief Annesley Wallace to depart. This distribution represents a 6% increase compared to the prior year. The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. Brookfield Asset Management is seeking to raise $25 billion for its fifth flagship infrastructure fund, its largest on record. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com. In 2012, we acquired another company in the U.K. and merged the two operations. USA identifies the source of the income as United States. Is Brookfield Infrastructure Partners considered Passive Foreign Investment Company (PFIC) or Controlled Foreign Corporation (CFC)? Brookfield Infrastructure Partners U.S. tax identification number (Employer Identification Number) is 98-0330282. Reconciliation of Net Income to Funds from Operations, Source: Brookfield Infrastructure Partners LP; Brookfield Infrastructure Corporation, Brookfield Infrastructure Reports 2021 Year-End Results, Evolving to offer the best of both worlds, https://edge.media-server.com/mmc/p/ro7wn5n6, Net income attributable to the partnership, Property, plant and equipment and investment properties, Investments in associates and joint ventures. There may be minor differences due to exchange rates. Does Brookfield Infrastructure Partners generate UBTI? RegisteredCanadian unitholders will receive a T5013 directly from Brookfield Infrastructure Partners. Brookfield Eyes Green Steel for Multibillion New Transition Fund Listen and Subscribe. www.computershare.com/investor, Brookfield Infrastructure What is my Adjusted Cost Basis? Depending upon the particular taxation year, the T5013 will report various sources of income and expenses in a number of boxes on the form. FFO for the midstream segment totaled $492 million in 2021, an increase of approximately $200 million, or 70%, compared to the prior year. Get the full list, To view Brookfield Infrastructure Fund IIs complete team members history, request access, Youre viewing 5 of 44 funds. Brookfield Infrastructures results include limited partnership units held by public unitholders, redeemable partnership units, general partnership units, Exchange LP units, BIPC exchangeable LP units and BIPC exchangeable shares. www.computershare.com/investor, Brookfield Infrastructure Consequently, the brokers are responsible for withholding taxes as only they possess the requisite information about the unitholder that is necessary to calculate the appropriate amount to withhold as is typical for publicly traded securities. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Find potential buyers without revealing your identity. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? The Baron Real Estate Income Fund received 4 . We do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of their units. I believe my K-1 is incorrect who should I contact to fix this? Global: 1-416-363-9491. Don't have an account? Infrastructure | Brookfield I am a U.S. resident. Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. Upload your latest press release or suggest a story idea to our editorial team. The following discussion is intended to provide a general explanation of the U.S., Canadian, European, and Australian tax treatment of holding Brookfield Infrastructure Partners units. The 5-day volume weighted average price (VWAP) ending April 6, 2020 of a share of Brookfield Infrastructure Corporation on the Toronto Stock Exchange was $50.12. The Fund follows on the US$2.7 billion Brookfield Americas Infrastructure Fund LP, which closed in 2010. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. After adjusting for revaluation and dividends paid on our Shares that are classified as liabilities under IFRS, this represents an increase in net income of approximately $170 million compared to the prior year. Our highly contracted data transmission and storage businesses have also benefited from inflation indexation and higher rates across the portfolio. Get started Learn more Already a member? Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Law Firm search We invest in infrastructure assets that deliver essential goods and servicesfrom the movement of passengers and freight over toll roads and rail networks to the distribution of products through ports and pipelines, and much more. The net taxable income allocated is the sum of the various income and expenses. The special distribution should not be taxable to a Canadian resident shareholder for Canadian income tax purposes provided the adjusted cost base of the Brookfield Infrastructure Partners L.P. units held by the Canadian resident holder is positive after the special distribution. No. Computershare We believe economic equivalence is achieved through identical dividends and distributions on the Shares and BIPs units and each Share being exchangeable at the option of the holder for one BIP unit at any time. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager.
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