Brookfield Infrastructure Corporation (BIPC) is asking its securityholders to approve a corporate simplification in which Brookfield Infrastructure Partners L.P. (BIP) and BIPC would become subsidiaries of a new publicly traded Canadian corporation, Brookfield Infrastructure Partners Inc. (BIP Inc.). Holders of BIP units and BIPC exchangeable shares would generally exchange each security for one BIP Inc. Class A share, creating a single corporate equity security.
The companies state the plan is expected to be largely tax-deferred for most Canadian and U.S. investors and completed without meaningful business cost, while aiming to improve trading liquidity, potential index inclusion, access to corporate-focused investors, and simplify tax reporting for many holders. Special committees of BIP and BIPC, supported by a Scotiabank fairness opinion, and their boards (excluding two recused non‑independent directors) unanimously determined the transaction is in each entity’s best interests and recommend voting in favor.
Special virtual meetings will be held on October 14, 2026 (BIP at 9:00 a.m. and BIPC at 10:00 a.m. Toronto time) for holders of record on August 21, 2026. If Unitholders approve but BIPC shareholders do not, BIP will still move under BIP Inc., and BIPC exchangeable shares will remain outstanding but become exchangeable into BIP Inc. Class A shares. Completion also requires court and regulatory approvals and is targeted for the fourth quarter of 2026.
Brookfield Infrastructure Corp (BIPC) reports that Brookfield Infrastructure Partners L.P. and BIPC Holdings Inc. have entered into a detailed Guarantee Indenture with Computershare Trust Company of Canada as Security Trustee. Under this agreement, the Guarantors irrevocably, unconditionally and jointly and severally guarantee payment of all Class A Preferred LP Unit Obligations of Brookfield Infrastructure L.P. to holders. If the issuer fails to pay when due, the Guarantors must pay holders after written demand and in any event within 15 days. The guarantee is a guarantee of payment, remains effective through issuer insolvency or restructuring, and is subordinated to each Guarantor’s Senior Guarantor Obligations while ranking pari passu with defined preferred and similar obligations. The indenture sets out subordination mechanics, enforcement and remedies through the Security Trustee, rules for meetings and voting by holders, and conditions for amendments, including majority and supermajority consent thresholds and protections against disproportionate adverse effects on any series.
Brookfield Infrastructure Corporation reported Q2 2026 revenue of $940 million, up from $866 million, and net income of $61 million versus a $309 million loss a year earlier. Six-month revenue was $1,824 million and net income $97 million, supported by inflation-linked tariffs and new assets placed into rate base.
The company agreed to sell a 67% interest in a stabilized container subsidiary for net proceeds of $235 million (approximately $60 million attributable to the company), reclassifying $1,060 million of assets and $809 million of liabilities as held for sale. It will retain a 33% stake as an investment in associate and continue to manage the business.
As of June 30, 2026, total assets were $24,542 million and equity $1,799 million, with non-recourse borrowings of $12,786 million and $690 million of cash. Cash from operating activities was $666 million for the first half. The company issued 2,982,920 exchangeable shares via an at-the-market program for $139 million net and paid quarterly dividends of $0.455 per exchangeable share.
Brookfield Infrastructure Partners Inc., Brookfield Infrastructure Partners L.P. and Brookfield Infrastructure Corporation (BIPC) entered into an Arrangement Agreement to reorganize their structure so that investors hold their interests through BIP Inc., a newly formed British Columbia corporation, under a court-approved plan of arrangement.
Under the plan, BIP Inc. has agreed to acquire, directly or indirectly, all issued and outstanding Equity Units, BIPC class A exchangeable subordinate voting shares and various exchangeable LP units and BIHC A.2 shares in exchange for its class A subordinate voting shares on a one-for-one basis, with holders able to elect to receive a portion of this consideration as non-interest-bearing BIP Inc. Notes that are settled in BIP Inc. Class A Shares.
The Arrangement proceeds under Section 288 of the BCBCA, requires an Interim Order and Final Order from the Supreme Court of British Columbia, approval of BIP Unitholders and BIPC Shareholders, and becomes effective at 12:01 a.m. (Vancouver time) on an agreed Effective Date. Special committees of the BIP and BIPC boards, after receiving fairness opinions from Scotia Capital Inc. regarding the consideration to Minority Unitholders and BIPC Shareholders, unanimously recommended the transaction, and both boards determined it is in their respective best interests. The court order is intended to support reliance on the Section 3(a)(10) exemption for distributing BIP Inc. Class A Shares, and detailed dissent procedures and Canadian tax election mechanics are provided for eligible holders.
Brookfield Corporation and affiliated entities report beneficial ownership and a planned restructuring involving Brookfield Infrastructure Corporation’s class A exchangeable subordinate voting shares. Brookfield beneficially owns 13,012,789 Class A.2 exchangeable non-voting shares, with a corresponding 9.6% interest in the BIPC class, based on 123,009,048 BIPC shares outstanding as of July 21, 2026. An Ownership Cap currently permits exchange of up to 12,912,552 of these Class A.2 shares into BIPC shares, which would equate to 9.5% ownership. Brookfield Infrastructure Partners L.P. beneficially owns all Class B multiple voting shares, representing 75.0% of BIPC’s voting power.
On July 21, 2026, Brookfield Infrastructure Partners L.P., BIPC and Brookfield Infrastructure Partners Inc. agreed to pursue a court-approved plan of arrangement to combine BIP and BIPC into a single Canadian public company, BIP Inc. If approved by securityholders and the British Columbia Supreme Court, all BIPC shares, limited partnership units and related exchangeable securities would be exchanged one-for-one for BIP Inc. class A subordinate voting shares, with Brookfield and its subsidiaries expected to hold 204,711,975 BIP Inc class A shares, or 26.4% of that class, and all BIP Inc class B multiple voting shares.
Brookfield Infrastructure Corporation has scheduled a virtual special meeting of security holders. The record date for notice, voting, and beneficial ownership determination is August 21, 2026, and the meeting will be held on October 14, 2026 as a virtual meeting.
Voting will cover the company’s Class A Exchangeable Subordinate Voting Shares (CUSIP 11276H106, ISIN CA11276H1064) and Class B Multiple Voting Shares. Computershare is acting as agent, with proxy-related materials using Notice and Access for both beneficial and registered holders. The issuer will pay for delivery to objecting beneficial owners.
Brookfield Infrastructure Corporation reported the results of its annual meeting of shareholders held in a virtual format on June 24, 2026. All nine nominees to the board of directors were elected by holders of class A exchangeable subordinate voting shares and class B multiple voting shares voting together as a single class.
Exchangeable Shares carried one vote each and represented a 25% voting interest in aggregate, while the Class B Shares carried 368,972,004 votes, representing a 75% voting interest. Support for individual director nominees ranged from 91.18% to 99.88% of votes cast, and shareholders also approved the reappointment of Deloitte LLP as external auditor, with 99.96% of votes cast in favour.
Brookfield Infrastructure Corporation is calling a virtual-only annual general meeting for June 24, 2026, and outlines how BIPC shareholders can vote online or by proxy. The circular reports 2025 net income of $700 million, up from $72 million, with underlying earnings 60% higher after adjusting for revaluation and FX effects. Management highlights $3 billion of capital recycling proceeds in 2025, a further $3 billion target for 2026, and about $2.2 billion of equity invested in growth, including $1.5 billion in five new investments and roughly 230 MW of behind-the-meter power projects. The Board approved a 6% dividend increase to $0.455 per share, noting a 66% payout ratio and 17 consecutive years of at least 5% annual dividend growth. Shareholders are asked to elect nine directors and reappoint Deloitte LLP as external auditor, and the document details governance practices, board diversity, director compensation and voting control, including 122,990,668 exchangeable shares and 31,909 class B shares outstanding as of April 27, 2026.
Brookfield Infrastructure Corporation reported softer Q1 2026 results driven mainly by non-cash remeasurement and prior-year gains. Revenue was $884 million, down from $929 million a year earlier, as inflation-linked growth and new U.K. rate base were more than offset by partial asset sales and lower Brazilian gas volumes.
Net income was $36 million versus $762 million in Q1 2025, largely because Q1 2025 included sizable gains on asset sales and a positive remeasurement of exchangeable-share liabilities, while Q1 2026 recorded an $85 million remeasurement loss. Direct operating costs edged down to $345 million, and interest expense rose to $305 million on higher borrowings and increased dividends on exchangeable shares, which are treated as interest.
Non-recourse borrowings rose to $13.3 billion, and total liabilities reached $22.3 billion against total assets of $24.2 billion. Company-level liquidity was $696 million, while group-wide liquidity was $5.3 billion. The board aligned dividends with the parent partnership, approving a quarterly dividend of $0.455 per exchangeable share, or $1.82 annualized.
FMR LLC reported beneficial ownership of 5,245,181.42 Class A Exchangeable Subordinate Voting Shares of Brookfield Infrastructure Corp as of 03/31/2026, representing 4.4% of that class. The filing is an Amendment No. 7 to a Schedule 13G/A and shows FMR LLC has sole dispositive power for 5,245,181.42 shares and sole voting power of 5,230,906.40 shares. The filing also lists Abigail P. Johnson as having dispositive power for the same 5,245,181.42 shares and notes some shares are held on behalf of other persons; no other single person holds more than 5% of the class.