RBC holds 20.1M Brookfield Infrastructure shares (NYSE: BIP) in 13G/A

Rhea-AI Filing Summary

Royal Bank of Canada, filing Amendment No. 1 to Schedule 13G/A, reports beneficial ownership of 20,102,712 shares of Brookfield Infrastructure Partners common stock, representing 4.37% of the class as of 03/31/2026. The filing states shared voting and shared dispositive power over these shares. The amendment is signed by a RBC Managing Director on 05/14/2026.

Insights

Institutional Ownership Analyst

RBC reports a 4.37% stake—shared control—at quarter end.

RBC discloses beneficial ownership of 20,102,712 shares with both shared voting and shared dispositive power as of 03/31/2026. This is a passive ownership disclosure under the Schedule 13G framework rather than an active transaction notice.

Future filings may update holdings; the signature date is 05/14/2026, and the amendment designation indicates a change or confirmation to earlier reporting.

Compliance & Regulatory Specialist

Amendment No. 1 clarifies reporting structure and subsidiary roles.

The filing lists affiliated entities (e.g., RBC Global Asset Management Inc., RBC Phillips Hager & North) and classifies several as non-U.S. institutions or an investment adviser per Rule 240.13d-1. The parent/subsidiary note explains which subsidiaries are involved in the reported position.

Signatures and the exhibit reference a power of attorney; this aligns with routine institutional 13G/A amendments that reflect ownership allocations across related entities.

Key Figures

Beneficial ownership: 20,102,712 shares Percent of class: 4.37% Reporting period: 03/31/2026 +1 more

4 metrics

Beneficial ownership 20,102,712 shares Amount beneficially owned as reported

Percent of class 4.37% Percent of common stock as reported in Item 4(b)

Reporting period 03/31/2026 Date tied to the reported ownership amount

Signature date 05/14/2026 Signature date on the amendment

Key Terms

Schedule 13G/A, Beneficial ownership, Shared dispositive power, Rule 240.13d-1

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 to Schedule 13G/A indicating passive investor reporting"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 20,102,712 indicating economic interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Shared dispositive power regulatory

"Shared power to dispose or to direct the disposition of: 20,102,712"

Rule 240.13d-1 regulatory

"Non-U.S. institution classification in accordance with Rule 240.13d-1(b)(1)(ii)(J)"

FAQ

What stake does RBC report in Brookfield Infrastructure Partners (BIP)?

RBC reports beneficial ownership of 20,102,712 shares, equal to 4.37% of Brookfield Infrastructure common stock as of 03/31/2026. The filing lists shared voting and shared dispositive power over these shares and is an amendment to a prior Schedule 13G.

Which voting and dispositive powers does RBC claim on the BIP shares?

RBC reports 0 sole voting power and 20,102,712 shared voting power, and similarly 0 sole dispositive power with 20,102,712 shared dispositive power as disclosed in the amendment.

When is the reporting period and when was the amendment signed?

The ownership is reported as of 03/31/2026 and the amendment (Amendment No. 1) bears a signature dated 05/14/2026, per the filing's signature block and cover information.

Does the filing identify which RBC subsidiaries hold the securities?

Yes; the filing names affiliated entities including RBC Global Asset Management Inc. and RBC Phillips Hager & North, classifying some as non-U.S. institutions under Rule 240.13d-1 and noting other related entities by name.

Is this Schedule 13G/A an active transaction notice or a passive ownership report?

This Schedule 13G/A amendment is a passive ownership disclosure reporting current beneficial holdings rather than describing an open-market purchase or sale transaction; it amends prior Schedule 13G information.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 11:14 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Brookfield Infrastructure Partners LP

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G16252101

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G16252101

1

Names of Reporting Persons

Royal Bank of Canada

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 20,102,712.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 20,102,712.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,102,712.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.37 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Brookfield Infrastructure Partners LP
(b)	Address of issuer's principal executive offices: 73 Front Street, Fifth Floor, Hamilton, HM 12, Bermuda
Item 2.
(a)	Name of person filing: Royal Bank of Canada
(b)	Address or principal business office or, if none, residence: 200 Bay Street, Toronto, Ontario, M5J QJ5, Canada
(c)	Citizenship: Canada
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: G16252101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 20,102,712
(b)	Percent of class: 4.37 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 20,102,712
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 20,102,712
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. RBC Global Asset Management Inc.: A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J). RBC Phillips Hager & North Investment Counsel Inc.: A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J). RBC Private Counsel (USA) Inc.: An investment adviser in accordance with ss. 240.13d-1(b)(1)(ii)(E). Royal Trust Corporation of Canada, GFC Partnership and RT Partnership are entities that beneficially own in aggregate less than one percent of the reported securities.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Royal Bank of Canada

Signature:	/s/ Terry Fallon
Name/Title:	Managing Director
Date:	05/14/2026

Exhibit Information

99.1 Power of Attorney https://www.sec.gov/Archives/edgar/data/1000275/000121465925015105/ex99_1.htm