BIP and BIPC
The proposed simplification represents a simpler structure designed to deliver long-term value for all securityholders. For more information please see the Management Information Circular, Press Release and Presentation, as well as Frequently Asked Questions below.
The proposed simplification represents a simpler structure designed to deliver long-term value for all securityholders. For more information please see the Management Information Circular, Press Release and Presentation, as well as Frequently Asked Questions below.
Meeting and Voting
The special meeting of BIP Unitholders will be held virtually on October 14, 2026 at 11:00 a.m. (Toronto time), and the special meeting of BIPC Shareholders will be held virtually on October 14, 2026 at 12:00 p.m. (Toronto time). For more information on how to attend the meeting, who is eligible to vote and how to vote, please see the Management Information Circular.
BIP Frequently Asked Questions
The transaction is expected to drive long-term value for all BIP LP and BIPC investors through a simplified corporate structure, including through improved consolidated trading liquidity, increased demand from current indices and potential additional index inclusion, stronger alignment with long-term capital allocation trends, broader access to a larger pool of investors, and an enhanced governance framework and voting rights.
The transaction is expected to be tax-deferred for the vast majority of U.S. and Canadian BIP LP unitholders and eliminate onerous partnership tax reporting forms, including IRS Schedule K-1s and CRA T5013 partnership slips for BIP LP unitholders.
The transaction can be completed without incurring any meaningful costs to the business. Further, following the transaction, the consolidated financial position of BIP Inc. is expected to be consistent with that of BIP and no impact to financial performance metrics is expected.
If the transaction is approved, you will receive one class A subordinate voting share of BIP Inc. (“BIP Inc. Class A Share”) for each BIP limited partnership unit (“BIP unit”) you own. If you hold your BIP unit(s) through a broker, bank, or other intermediary, you will receive your BIP Inc. Class A Share(s) in the same account you hold your BIP LP unit(s). The BIP Inc. Class A Shares can be bought and sold exactly as the previous BIP LP units were and will continue to trade on both the TSX and NYSE under the ticker symbol “BIP”.
No. The transaction will preserve your existing economic exposure to Brookfield Infrastructure since the BIP Inc. Class A Shares are structured to be economically equivalent to the BIP units.
The BIP preferred units will continue to trade on the TSX and the NYSE, as applicable. You do not need to take any action and there are no changes to the terms of the BIP preferred units.
Investors should review the Management Information Circular and vote on the simplification.
No, following completion of the transaction, BIP Inc. is expected to pay a dividend that is sustainable on a long-term basis and is consistent with the current BIP distribution policy. The transaction is intended to preserve your economic exposure to Brookfield Infrastructure, and Canadian and U.S. investors are generally expected to benefit from preferential dividend tax rates.
No. One of the key benefits of the transaction is the elimination of partnership tax reporting for BIP LP unitholders.
Investors will receive standard corporate tax reporting, including CRA T5 slips in Canada, IRS Forms 1099 in the U.S. and CRA NR4 slips for other non-Canadians.
The transaction is expected to be tax-deferred for the vast majority of Canadian and U.S. investors in BIP LP units. Taxable Canadian BIP LP unitholders will need to file a simple tax election to obtain tax-deferred treatment, which can be facilitated through https://bip.taxelection.ca/
Today, BIP units are non-voting limited partnership units. Following the transaction, the holders of BIP Inc. Class A Shares will have enhanced corporate governance rights as shareholders of a public corporation, including the right to vote on director elections and other shareholder matters.
BIP Inc. is expected to adopt a dividend reinvestment plan that is substantially similar to the distribution reinvestment plan currently available to BIP LP unitholders. Registered investors who currently participate in BIP’s DRIP will be required to re-enroll in the BIP Inc. DRIP following completion of the transaction.
BIP LP unitholders of record as of the close of business on August 21, 2026 may vote. The exchange of BIP LP units for BIP Inc. Class A Shares is not conditional on BIPC shareholder approval.
Voting instructions will be provided in the Management Information Circular and related meeting materials. The special meeting will be held on October 14, 2026 for BIP LP unitholders to vote.
If you hold through a broker, bank, or other intermediary, you should follow the voting instructions provided by that intermediary.
Closing is currently expected to occur in the fourth quarter of 2026, subject to approvals and closing conditions.
Eligible Canadian unitholders (“Eligible Canadian Unitholders”) who wish to make a tax election in connection with the transaction should complete the relevant unitholder notice form for the security owned (links below) and send to [email protected] by 5:00 p.m. (Toronto time) October 26, 2026. Submission of the completed form does not constitute the making of a tax election and Eligible Canadian Unitholders must take additional steps as described in the unitholder notice form.
BIPC Frequently Asked Questions
If BIPC shareholders approve the simplification, the existing BIPC shares will be exchanged for BIP Inc. Class A Shares on a one-for-one basis. BIPC will be delisted and become a wholly owned subsidiary of BIP Inc.
Investors should review the Management Information Circular and vote on the simplification.
No. The transaction will preserve your existing economic exposure to Brookfield Infrastructure since the BIP Inc. Class A Shares are structured to be economically equivalent to the BIPC shares.
No, following completion of the transaction, BIP Inc. is expected to pay a dividend that is sustainable on a long-term basis and is consistent with the current BIP distribution policy.
The transaction is expected to be tax-deferred for the vast majority of Canadian and U.S. investors in BIPC shares, subject to individual circumstances. Investors should review the Management Information Circular and consult their tax advisors.
Following the transaction, BIP Inc. shareholders will have enhanced corporate governance rights as shareholders of a public corporation, including the right to vote on director elections and other shareholder matters.
BIPC shareholders of record as of the close of business on August 21, 2026 may vote.
Voting instructions will be provided in the Management Information Circular and related meeting materials. The special meeting will be held on October 14, 2026 for BIPC shareholders to vote.
Closing is currently expected to occur in the fourth quarter of 2026, subject to approvals and closing conditions.