Note that as Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI), we do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(b) and 1446(f). The filing was for a pooled investment fund: private equity fund The notice included securities offered of Equity,Pooled Investment Fund Interests Is this special distribution taxable for U.S. federal income tax purposes? Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. Are units considered foreign property for the purposes of the Canada Revenue Agency T-1135 Form Foreign Income Verification Statement? On Jun 13, 2022, there was a 3 for 2 share split in the shares of Brookfield Infrastructure Corporation. If you have elected to receive distribution in CAD, there will be a record date and a payment date. Consequently, holders of Brookfield Infrastructure Partners units are advised to consult their own tax advisors with respect to their particular circumstances. enquiries@brookfield.com North America: 1-866-989-0311 Global: 1-416-363-9491 Transfer Agent For enquiries regarding unit transfers, changes of address, distribution cheques and lost unit certificates, please contact: Computershare This broadly means Brookfield Infrastructure Partners L.P. is treated as a company for Australian income tax purposes. Please note that ones personal tax circumstances must be taken into account and that the CRA will, in certain circumstances, require individuals to submit their tax returns in a paper format. This distribution represents a 6% increase compared to the prior year. Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. In the U.S., units of Brookfield Infrastructure Partners qualify for IRA and 401(k) accounts. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $690 billion of assets under management. 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. As a result of the special distribution from Brookfield Infrastructure Partners L.P. in 2020, I received class A shares of Brookfield Infrastructure Corporation. Our business generated FFO of $436million for the year, representing a 9% increase compared to the prior year. These positive factors were partially offset by an increase infuture U.K. tax rates, which led to the recognition of a non-recurring deferred tax expense during the year. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. million electricity and natural gas connections, Here's What Can Provide Fillip to India's Infrastructure Privatisation Effort, Intel Signs $30 Billion Funding Partnership With Brookfield to Finance Chip-Factory Expansion, Brookfield Takes Impact Investing to the Infrastructure Mainstream, Critical First- and Last-Mile Rail Connections, A Leader in Data Center Infrastructure in Latin America, Connecting U.K. Homes to the Utility Grid, Owning and Operating Energy Infrastructure in Western Canada, An Integrated Logistics Provider in Brazil, A Leading Independent Communications Infrastructure Business, A Natural Gas Pipeline Accounting for More Than Half of Brazils Natural Gas Demand, Operating Large-Scale Container Terminals Out of Four Key Ports, Evolving to offer the best of both worlds. What Tax Form will I receive as a Canadian Unitholder? Meilleurs htels 5 toiles Cte d'Azur sur Tripadvisor : consultez 43 508 avis de voyageurs, 37 286 photos, les meilleures offres et comparez les prix pour 63 htels 5 toiles Cte d'Azur, France. Investors, analysts and other interested parties can access Brookfield Infrastructures 2021 Year-End Results as well as the Letter to Unitholders and Supplemental Information on Brookfield Infrastructures website under the Investor Relations section at www.brookfield.com/infrastructure. References to the Partnership are to Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P. Who applies the withholding tax? These amounts will vary from year-to-year and are calculated in accordance with U.S. tax rules. Non-U.S. investors that own 5% or less of Brookfield Infrastructure Partners publicly traded units should not be subject to FIRPTA taxation on a disposition of their units. Is this special distribution taxable for Canadian federal income tax purposes? La population mtropolitaine est quipe pour effectuer le tri du verre, du papier et des emballages. 1We report the gross distribution and the portion of the distribution that is eligible to be treated as a qualified dividend for U.S. tax purposes on our Schedule K-1 that is issued to U.S. unitholders in February of the following year. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. www.taxpackagesupport.com/brookfield. Note that as Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI), we do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(b) and 1446(f). Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? FFO for the transport segment was $701 million, an improvement of nearly 20% compared with the prior year. Prior year results included approximately $25 million of additional earnings associated with the partial disposition of our Australian export terminal and Chilean toll road operation completed in the last 12 months. Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Alberta, Canada. Assets that handle the movement and storage of commodities from a source of supply to a demand center. For more information, go to www.brookfield.com. A filing with the Securities Exchange Commission shows that Brookfield Infrastructure Debt Fund II has closed. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP, Germany eases tax on Spezialfonds investing in renewables, Ivanho Cambridge, Belfius, Belgiums SWF back co-living firm Cohabs, Patrizia Infrastructure acquires Italian bio-LNG producer Biomet, Longpoint grocery-anchored shopping centre fund beats fundraising target, NYSCRF adds $425m to emerging manager programme, Alaska Permanent Fund to invest up to $360m in US multifamily projects, Interview: Stefan Mchler, Swiss Life Asset Managers, Top 150 Real Estate Investment Managers 2022, Top 100 Infrastructure Investors 2022: Survey, UK government consults on creation of reserved investor fund, RoundShield raises initial $750m for asset-backed distressed opportunities fund, New Mexico SIC places $150m into Oaktree opportunistic real estate fund, Railpen adds Coral Park Trading Estate to Cambridge portfolio, New Jersey DOI plans to put $250m in real estate emerging manager programme, Blackstone sells $800m logistics portfolio in Japan to GIC. Brookfield Infrastructure Partners U.S. tax identification number (Employer Identification Number) is 98-0330282. A recording of the teleconference can be accessed at 1-855-859-2056 or +1-404-357-3406 (Conference ID: 7897200). 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. Canton, MA 02021, Toll-Free:(877) 243-3717 Instead, Brookfield Infrastructure Partners receives various types of passive investment income, such as interest, dividends and return of capital, from subsidiary corporations that carry on business in various jurisdictions. Unitholders are solely responsible to accurately compute and track the tax cost of their Brookfield Infrastructure Partners units. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. The funds predecessor, Brookfield Infrastructure Debt Fund, raised $885 million and closed, Glossary, videos, podcasts, research in the Resource Center. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Please contact your broker directly with questions on this form. Can you send a replacement form? What is my Adjusted Cost Base? Last week, rival firm Global Infrastructure Partners announced it had raised U$2.8bn for two infrastructure debt funds. Payments from holding companies in Canada to a US resident such as dividends may be subject to withholding taxes. Brookfield Asset Management is seeking to raise $25 billion for its fifth flagship infrastructure fund, its largest on record. Businesses that provide essential services and critical infrastructure to transmit and store data globally. Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . 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. Except as required by law, Brookfield Infrastructure Corporation 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. 2021 Highlights $12.4B TOTAL NET INCOME GENERATED $6.3B DISTRIBUTABLE EARNINGS $71B CAPITAL RAISED IN 2021 Toute l'anne 2023. 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. 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. What is the tax cost of my units? How can I obtain a tax credit for foreign taxes withheld? This distribution represents a 6% increase compared to the prior year. The fund will target investments in primary areas of infrastructure which include transportation, renewable power, utilities and energy, and also . I am a U.S. resident. Please note that we are required to issue K-1 forms to all U.S. unitholders, regardless if their units are held in a tax deferred account such as an IRA. A significant portion of Brookfield Infrastructure Partners income is Bermuda source dividend which is a fully taxable "ordinary dividend. 1.1446(f)-4(b)(3)(ii)(A)(2). BIPs letter to unitholders and supplemental information are available at www.brookfield.com/infrastructure. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. Hard copies of the annual and quarterly reports can be obtained free of charge upon request. I am a Canadian resident. Ouvert Tous les jours. Oaktree Real Estate Opportunities Fund IX seeks to raise $6bn. Please consult with your tax advisor on how the share split would impact your adjusted cost base of your Brookfield Infrastructure Corporation shares. Win whats next. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Sign up to receive emails from IREI. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com North America: 1-866-989-0311 Global: . Chief Executive Officer, Insurance Solutions, John Hancock Life Insurance Company of New York, Youre viewing 5 of 24 limited partners. Brookfield Infrastructure Fund III is a 2016 vintage infrastructure value added fund managed by Brookfield Asset Management. The Schedule K-1 is the U.S. equivalent of a Form T5013. This is a profile preview from the PitchBook Platform. General Information Description Brookfield Infrastructure Fund II is a 2013 vintage infrastructure core fund managed by Brookfield Asset Management. The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. This site uses cookies. An fundraising target was not disclosed. You should only be asked to sign in once. This first season will explore our decades-long commitment to renewable energy, and how we're investing through the world's largest private fund dedicated to facilitating a net-zero economy. The Schedule K-1 is the U.S. equivalent of a Form T5013. Reg. Since Brookfield Infrastructure Partners is a "flow-through" for U.S. and Canadian income tax purposes, a portion of the income may be subject to withholding taxes levied by jurisdictions such as the U.S. and Canada. The North American rail business is highly resilient with significant business segment diversification across 14 major commodity groups. Global: 1-416-363-9491. Brookfield Asset Management 's fourth unlisted infrastructure fund has closed on $20 billion, becoming the largest fund the firm has ever raised in any asset class, Sam Pollock, head of the infrastructure group, told Infrastructure Investor. Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? We are required to use reasonable efforts to send a Schedule K-1 to all unitholders. The Shares of BIPC are structured with the intention of being economically equivalent to the non-voting limited partnership units of Brookfield Infrastructure Partnership L.P. (BIP or the Partnership) (NYSE: BIP; TSX: BIP.UN). In 2012, we acquired another company in the U.K. and merged the two operations. Sec. Brookfield Infrastructures Letter to Unitholders and Supplemental Information are available at www.brookfield.com/infrastructure. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. 5 Place du March A. Rousset. 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. Readers are encouraged to consider both measures in assessing Brookfield Infrastructures results. Fund Investors. The conference call can be accessed via webcast on February 2, 2022 at 9:00 a.m. Eastern Time at https://edge.media-server.com/mmc/p/ro7wn5n6 or via teleconference at 1-866-688-9459 toll free in North America. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. The Board has reviewed and approved this news release, including the summarized unaudited financial information contained herein. We rely on information provided by brokers and/or clearing houses to prepare Schedule K-1. Note: This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. In general, this special distribution will reduce the adjusted cost base of your interest in the partnership units of Brookfield Infrastructure Partners L.P. by an amount equal to the fair market value at the time of the special distribution of the class A shares you have received. What is Brookfields NAICS? Brookfield Infrastructure Partners is a Bermuda based limited partnership that is treated as a partnership for U.S. tax purposes. A verification email is on its way to you. Owning a unit of BIP LP does not provide you with a U.S. tax filing obligation. Type of Filing 8. A link has been emailed to you - check your inbox. To date, 28 investors have committed capital to the fund. Get the full list, Morningstar Institutional Equity Research. At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. FFO excludes the earnings associated with the sale of various assets, which generated approximately $2 billion of net proceeds for Brookfield Infrastructure in 2021. What is Brookfield Infrastructure Partners TS number? Connatre le jour et les horaires o vos poubelles sont collectes dans votre commune. The initial basis tax basis in the class A shares received in the special distribution by a U.S. unitholder that qualifies as an eligible partner will equal the lesser of (i) Brookfield Infrastructure Partners L.P.'s adjusted tax basis in such class A shares immediately before the distribution of $35.748 per share and (ii) such U.S. unitholder's adjusted tax basis in its interest in Brookfield Infrastructure Partners L.P. reduced by the amount of any cash received in lieu of fractional class A shares pursuant to the special distribution. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? 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. The allocation of U.S. taxable income is communicated using Schedule K-1. 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%. My tax software requires that I insert a six-digit Tax Shelter (TS) number. The Baron Real Estate Income Fund received 4 . The Board of Directors of Brookfield Infrastructure Corporation (BIPC or our company) (NYSE, TSX: BIPC) today has declared a quarterly dividend in the amount of $0.54 per class A exchangeable subordinate voting share of BIPC (a Share), payable on March31, 2022 to shareholders of record as at the close of business on February28, 2022. Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure Partners) is a Bermuda based limited partnership that is treated as a partnership for Canadian tax purposes. Why dont I receive the full distribution amount? Consolidated Statements of Cash Flows, Brookfield Infrastructure Partners L.P. The firm last filed a Form D notice of exempt offering of securities on 2013-10-07. Fund # 805-2824939657: CIK # 0001575108: Sale: 2013-05-30 ($6.6 BB Sold) Fund: Private Equity Fund Sec. RegisteredCanadian unitholders will receive a T5013 directly from Brookfield Infrastructure Partners. Last years results included our U.K. smart meter portfolio which was divested earlier this year. We are not always able to acquire information for all unitholders and accordingly some unitholders may not receive a Schedule K-1 for a particular year despite our best efforts to do so. In limited cases the information provided to us may be incomplete and/or inaccurate. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. If you are a U.S. unitholder and did not receive your Schedule K-1 for the previous taxation year please contact us at (866) 949-2771 or atwww.taxpackagesupport.com/brookfield. Furthermore, Brookfield Infrastructure Partners does not directly own any assets used in a U.S. trade or business. Our goal is simple: to generate growth and attractive long-term risk-adjusted returns for our investors to serve their stakeholders, all while providing the highest level of service. There could be a discrepancy in the FX rate used between the record and payment dates. At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. The Forms 1099-INT and DIV prepared by your broker will include information on any foreign withholding taxes that were withheld by your broker so that you may claim them, if eligible, in your tax return as a credit and/or deduction. Only logged in subscribers of this site will be able to access the shared article. The fund prefers to make impact investments in infrastructure. The fund prefers to make impact investments in infrastructure. Payments from holding companies in US and Bermuda to a US resident are generally not subject to withholding tax. Brookfield Infrastructure Partners is not a corporation or a trust. Don't have an account? Reg. 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. In the event you believe your K-1 is incorrect please contact Tax Package Support at (866) 949 2771 orwww.taxpackagesupport.com/brookfieldand an amended Form K1 will be issued. At present, these holdings companies are in Canada, US, or Bermuda, and we do not expect this to change for the foreseeable future. With our regulated distribution portfolio in the U.K., we built a formidable utility franchise in a highly sought-after jurisdiction. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. Youll receive updates on upcoming events, special For enquiries regarding unit transfers, changes of address, distribution cheques and lost unit certificates, please contact: Computershare Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required.