Why havent I received a K-1? Infrastructure Investor 100 Global Investor 50 2022 LP Perspectives 2023 Fundraising Direct Investment Regulation Debt Transport ESG Europe Asia-Pacific News & Analysis Fundraising Investors Deals People Rankings & Reports Rankings Infrastructure Debt 30 Infrastructure Investor 100 Global Investor 50 Global Investor 50: 2021 Because the withholding tax process is administered by the brokerage community rather than us, taxes withheld are only reported on Forms 1099-INT and 1099-DIV (and not on Schedule K-1). 2016 Vintage USD 14,000m Size Buy and sell stakes in Brookfield Infrastructure Fund III Access a unique secondary deal flow. Historically, our partnerships income has included Canadian and US source interest and dividends earned from subsidiaries that, when paid to an Australian unitholder, are subject to varying rates of U.S. and Canadian withholding taxes ranging from nil to 30%. Reg. 150 Royall St., Suite 101 Conference Call and Quarterly Earnings Details. Brookfield Infrastructure Partners is not a corporation or a trust. Please also see a letter from counsel on this issue, as well as more detailed discussion on this new rule and its applicability to BIP units. 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. Don't have an account? In conjunction with the Partnerships distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.54 per share, also payable on March31, 2022 to shareholders of record as at the close of business on February28, 2022. The fund prefers to make impact investments in infrastructure. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. Not the case? Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Find the latest Brookfield Infrastructure Partners L.P. (BIP) stock quote, history, news and other vital information to help you with your stock trading and investing. Results reflect the construction of 12,000 telecom tower sites across our portfolios in India and France to accommodate mobile data growth and corresponding network densification requirements. Infrastructure | Brookfield Infrastructure Overview Quick Links We are one of the world's largest infrastructure investors. Funds From Operations (or FFO) of $1.7 billion for the year reflects a 19% increase compared to 2020. The fund is located in New York, New York. We foster alignment of interests with our investors by investing alongside them: over 30% of the capital under management across our private funds is our own, and we are typically the largest investor. Description. Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. I am an Australian resident. Brookfield Infrastructure Partners L.P. is expected to qualify as an "investment" partnership" so that the special distribution of class A shares of Brookfield Infrastructure Corporation to a U.S. unitholder who is an "eligible partner" qualifies as a non-taxable distribution of property. Brookfield closes second debt fund on $2.7bn | Infrastructure Investor The Canadian firm has already made four seed investments from BID II, which it raised in a little over a year. Brookfield Asset Management is seeking to raise $25 billion for its fifth flagship infrastructure fund, its largest on record. References to the Partnership are to Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P. Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BIPs units and the combined business performance of our company and BIP as a whole. What is the tax nature of the income earned by Brookfield Infrastructure Partners? On Jun 13, 2022, there was a 3 for 2 share split in the shares of Brookfield Infrastructure Corporation. Furthermore, Brookfield Infrastructure Partners does not directly own any assets used in a U.S. trade or business. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex. In limited cases the information provided to us may be incomplete and/or inaccurate. 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. 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. For Australian residents, the tax cost of units is the amount paid for Brookfield Infrastructure Partners L.P. units plus any incidental costs incurred to acquire them. Only logged in subscribers of this site will be able to access the shared article. 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. Box 135 shows the country code for source of foreign income. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. A filing with the Securities Exchange Commission shows that Brookfield Infrastructure Debt Fund II has closed. 462 South 4th Street, Suite 1600 Reg. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. The NAICS codes should have no impact on the computation of your taxes. At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. In addition to carefully considering the disclosure made in this news release in its entirety, shareholders are strongly encouraged to carefully review BIPs letter to unitholders, supplemental information and its other continuous disclosure filings. Sec. We are one of the worlds largest infrastructure investors. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? Please note that ones personal tax circumstances must be taken into account and that the IRS will, in certain circumstances, require individuals to submit their tax returns in a paper format. The filing notes that the amount raised includes separate accounts that invest alongside the fund and commitments from the sponsor that may be satisfied through or alongside the fund. Annual Reports & Prospectus | Brookfield Infrastructure Partners The following table presents FFO by segment: We completed or advanced several important initiatives in, and subsequent to, the fourth quarter of 2021: The Board of Directors has declared a quarterly distribution in the amount of $0.54 per unit, payable on March 31, 2022 to unitholders of record as at the close of business on February 28, 2022. Ascenty serves the worlds largest IT and cloud service providers with world-class infrastructure and a high-capacity fiber-optic network. Consolidated Statements of Operating Results, Brookfield Infrastructure Corporation P.O. BIPs letter to unitholders and supplemental information are available at www.brookfield.com/infrastructure. Investors that own more than 5% of Brookfield Infrastructure Partners publicly traded units may be subject to FIRPTA taxation on a disposition of their units. Assets that handle the movement and storage of commodities from a source of supply to a demand (). Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. Reg. What is Brookfield Infrastructure Partners Partnership ID Number? 1.1446(f)-4(b)(3)(ii)(A)(2). Global:1-416-363-9491. Brookfield Infrastructure Fund II-A LP | AUM 13F Is the UK government underestimating public outrage on sewage spills? For the year ended December 31, 2021, we reported net income attributable to the partnership of $1.1billion compared to $0.4 billion for the prior year. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Fourth Quarter 2021 Results. This summary is of a general nature only and is not intended to be, nor should it be construed to be, legal or tax advice to any particular holder of Brookfield Infrastructure Partners units, and no representation with respect to the U.S., Canadian, Australian and European income tax consequences to any particular holder is made. PDF BIPC - Board of Directors Charter Feb 2023 - bip.brookfield.com Our business generated FFO of $436million for the year, representing a 9% increase compared to the prior year. Type of Filing 8. We own and operate assets across the transport, data, utilities and midstream sectors with a focus on cash flow stability and resilience. Our Australian Ports Terminal portfolio contains irreplaceable assets, including two fully automated terminals in Brisbane and Sydney. After the end of Brookfield Infrastructure Partners' taxation year (December 31), the Canadian taxable income of Brookfield Infrastructure Partners is determined and allocated to all unitholders that are in turn required to report such income on their respective tax returns. Tel:416-956-5129 The words will, target, future, growth, expect, believe, may, 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. Brookfield Infrastructure Fund Ii-a is based out of New York. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? A . 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. If you have any questions about Form T5013 you should contact your broker. Brookfield Infrastructure Partners L.P. is characterized as a corporate limited partnership for Australian income tax purposes. Has Brookfield Infrastructure Partners generated or is it expected to generate Effectively Connected Income (ECI) or Commercial Activity income? Brookfield Infrastructure Partners does not have sufficient information to track the tax cost of units for each individual holder.