1. BOARD OF DIRECTORS CHARTER . Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. Consolidated Statements of Cash Flows, Brookfield Infrastructure Partners L.P. FFO for the transport segment was $701 million, an improvement of nearly 20% compared with the prior year. Brookfield Infrastructure Corporation (the "Corporation") and its related entities have been established by Brookfield Infrastructure Partners L.P.("BIP") to issue a security (the " Class A Subordinate Voting Shares") that provides an economic return equivalent to . Computershare 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. FFO growth on a same-store basis was 11%. Unitholders are obligated to accurately compute the tax cost of their Brookfield Infrastructure Partners L.P. units. Systems involved in the movement of freight, commodities and passengers. Get the full list, Morningstar Institutional Equity Research. Brookfield Infrastructure Partners is a flow through entity for Canadian income tax purposes, and its income comes from holding companies the partnership owns. Mis jour le 18 mars 2021 10:27. par Mairie de Signes. Is the UK government underestimating public outrage on sewage spills? Reg. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructures businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favourable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the impact of health pandemics such as the COVID-19 on our business and operations (including the availability, distribution and acceptance of effective vaccines, the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions referred to in this press release as being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under Risk Factors in Brookfield Infrastructures most recent Annual Report on Form 20-F and other risks and factors that are described therein. Private Funds; Public Securities; Financial Advisors. Get limited access to our industry news, analysis and data, plus regular email updates. 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. This broadly means Brookfield Infrastructure Partners L.P. is treated as a company for Australian income tax purposes. 150 Royall St., Suite 101 Brookfield Infrastructure Partners has not been and does not expect to be engaged in a U.S. trade or business within the meaning of Treas. Fund Investors. How can I obtain a tax credit for foreign taxes withheld? A recording of the teleconference can be accessed at 1-855-859-2056 or +1-404-357-3406 (Conference ID: 7897200). The funds predecessor, Brookfield Infrastructure Debt Fund, raised $885 million and closed, Glossary, videos, podcasts, research in the Resource Center. Payments from holding companies in US and Bermuda to a US resident are generally not subject to withholding tax. Inter Pipeline owns and operates energy infrastructure assets in Western Canada including the Heartland Petrochemical Complex. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 2023 PitchBook. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Law Firm search Alternatively, use the link to Tax Package Support at the right side of this page. While the energy supply shortage in . Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com (Identifiant de l'offre: 4704427) There may be minor differences due to exchange rates. Win whats next. 1.1446(f)-4(b)(3)(iii) as applicable. I owned units of Brookfield Infrastructure Partners L.P. prior to the formation of Brookfield Infrastructure Corporation. If you are not already required to file a U.S. tax return, the Schedule K-1 is not required and it can be discarded. Typically, brokers will prepare and distribute the Form T5013 in late March. What is my Adjusted Cost Basis? Last years results included our U.K. smart meter portfolio which was divested earlier this year. Upload your latest press release or suggest a story idea to our editorial team. The fund targets the renewable energy sector. 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. My tax software requires that I insert a North American Industry Classification System (NAICS) code. 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. Global: 1-416-363-9491. 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. If you have elected to receive distribution in CAD, there will be a record date and a payment date. This price environment and record storage volumes following extraordinary performance in the first quarter of the year led to same-store growth of 43%. On Jun 13, 2022, there was a 3 for 2 share split in the shares of Brookfield Infrastructure Corporation. At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Louisville, KY 40202, Toll-Free:(877) 243-3717 Canton, MA 02021, Toll-Free:(877) 243-3717 Brookfield Perspectives is a podcast exploring how we invest in the backbone of the global economy. Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure Partners) is a Bermuda based limited partnership that is treated as a partnership for Canadian tax purposes. 83870 Signes. 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. Providence RI 02940-3078, Overnight correspondence should be mailed to: Can I E-File my tax return? Non-controlling interest attributable to: Redeemable partnership units held by Brookfield, Interest of others in operating subsidiaries, Share of (losses) earnings from associates and joint ventures, Non-controlling interest of others in operating subsidiaries. Brookfield Infrastructure Partners is a publicly traded partnership that does not earn active business income. Chief Executive Officer, Insurance Solutions, John Hancock Life Insurance Company of New York, Youre viewing 5 of 24 limited partners. 2022 Schedule K-1 forms are now available through our Tax Package Information website: 2022 T5013 forms will be mailed by individual investor brokers when available. 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. The source said it had exceeded its US$1.75bn fundraising target and was more than three times larger than its debt fund, which closed with US$885m at the end of 2017. I am a U.S. resident. For Canadian residents, the tax cost of units is determined in Canadian dollars so all three components should be determined in Canadian dollars. 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. North America: 1-866-989-0311 Our Australian Ports Terminal portfolio contains irreplaceable assets, including two fully automated terminals in Brisbane and Sydney. 83870 Signes. The Schedule K-1 is the U.S. equivalent of a Form T5013. Comparative period financial results included a full year of earnings from our U.K. smart meter portfolio and North American district energy platform, both of which we sold inthe first half of 2021. Get the full list, Morningstar Institutional Equity Research. This is a profile preview from the PitchBook Platform. Ascenty serves the worlds largest IT and cloud service providers with world-class infrastructure and a high-capacity fiber-optic network. Reg. We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. 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. If your units are held in an IRA, you generally do not need to report the amounts on your K-1 and you should keep your K-1 for your records. The fund prefers to make impact investments in infrastructure. A filing with the Securities Exchange Commission shows thatBrookfield Infrastructure Debt Fund II has closed. With our regulated distribution portfolio in the U.K., we built a formidable utility franchise in a highly sought-after jurisdiction. Our portfolio, grounded in 120 years of investment experience, provides diversified exposure to scarce, high-quality businesses with significant barriers to entry. RegisteredCanadian unitholders will receive a T5013 directly from Brookfield Infrastructure Partners. publication offers and more. The net taxable income allocated is the sum of the various income and expenses. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Summit DigiTel is a portfolio of more than 150,000 communication towers that form the infrastructure backbone of Reliance Jios telecom business. Can I E-File my tax return? BROOKFIELD INFRASTRUCTURE CORPORATION . Owning a unit of BIP LP does not provide you with a U.S. tax filing obligation. I owned units of Brookfield Infrastructure Partners L.P. prior to the formation of Brookfield Infrastructure Corporation. Assets that handle the movement and storage of commodities from a source of supply to a demand center. We do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of their units. Reconciliation of Net Income to Funds from Operations, Brookfield Infrastructure Partners L.P. The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. Brookfield Oaktree Wealth Solutions; News & Insights. www.computershare.com/investor, Brookfield Infrastructure An fundraising target was not disclosed. Clos de Danjean. February 2023 . Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? 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. References to the Partnership are to Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners L.P. Historically, our partnerships income has included Canadian and US source interest and dividends earned from subsidiaries that, when paid to a European unitholder, are subject to varying rates of U.S. and Canadian withholding taxes ranging from nil to 30%. Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? What is Brookfield Infrastructure Partners Partnership ID Number? Type of Filing 8. All rights reserved. These towers are strategically located for pan-India 4G coverage. In 2021, we acquired Inter Pipeline, a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. Getty Images/iStockphoto. There may be minor differences due to exchange rates. Brookfield Infrastructure Partners uses the CDS Innovations facility to provide information to Canadian brokers on or before the end of February following the end of each taxation year so that they can produce T5013 Forms. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Email:bip.enquiries@brookfield.com, Evolving to offer the best of both worlds, Previously issued notices can be found in the Qualified Notices section below, Please also see a letter from counsel on this issue, Please also see a letter from counsel on this issue below, BIP Taxation Overview - Australian Investors, BIP Taxation Overview - European Investors, Market Value Information for Units of Brookfield Infrastructure Partners, 2023 Withholding Tax Information for Distributions, 2022 Canadian Taxable Income Calculation (Common), 2022 Canadian Taxable Income Calculation (Preferred - Series 1), 2022 Canadian Taxable Income Calculation (Preferred - Series 3), 2022 Canadian Taxable Income Calculation (Preferred - Series 7), 2022 Canadian Taxable Income Calculation (Preferred - Series 9), 2022 Canadian Taxable Income Calculation (Preferred - Series 11), 2022 Canadian Taxable Income Calculation (Preferred - Series 13), 2022 Canadian Taxable Income Calculation (Preferred - Series 14), Calculation of Adjusted Cost Base (Common), Calculation of Adjusted Cost Base (Preferred - Series 1), Calculation of Adjusted Cost Base (Preferred - Series 3), Calculation of Adjusted Cost Base (Preferred - Series 7), Calculation of Adjusted Cost Base (Preferred - Series 9), Calculation of Adjusted Cost Base (Preferred - Series 11), Calculation of Adjusted Cost Base (Preferred - Series 13), Calculation of Adjusted Cost Base (Preferred - Series 14). The data segmentgenerated FFO of $238 million in 2021, an increase of 21%. Brookfield Infrastructure Partners Canadian tax identification number (Business Number) is 83812 9450 RZ0001. We do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of their units. Why dont I receive the full distribution amount? 5 Place du March A. Rousset. If you are not already required to file a U.S. tax return, the Schedule K-1 is not required and it can be discarded. We are one of the worlds largest infrastructure investors. The fund prefers to make impact investments in infrastructure. Sec. Welcome to IPE Real Assets. 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). Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. Factors that could cause actual results of Brookfield Infrastructure to differ materially from those contemplated or implied by the statements in this news release include general economic conditions in the jurisdictions in which we operate and elsewhere which may impact the markets for our products and services, the ability to achieve growth within Brookfield Infrastructures businesses and in particular completion on time and on budget of various large capital projects, which themselves depend on access to capital and continuing favorable commodity prices, and our ability to achieve the milestones necessary to deliver the targeted returns to our unitholders, the impact of market conditions on our businesses, the fact that success of Brookfield Infrastructure is dependent on market demand for an infrastructure company, which is unknown, the availability of equity and debt financing for Brookfield Infrastructure, the impact of health pandemics such as COVID-19 on our business and operations (including the availability, distribution and acceptance of effective vaccines), the ability to effectively complete transactions in the competitive infrastructure space (including the ability to complete announced and potential transactions that may be subject to conditions precedent, and the inability to reach final agreement with counterparties to transactions being currently pursued, given that there can be no assurance that any such transaction will be agreed to or completed) and to integrate acquisitions into existing operations, the future performance of these acquisitions, changes in technology which have the potential to disrupt the business and industries in which we invest, the market conditions of key commodities, the price, supply or demand for which can have a significant impact upon the financial and operating performance of our business and other risks and factors described in the documents filed by BIPC with the securities regulators in Canada and the United States including Risk Factors in BIPCs most recent Annual Report on Form 20-F and other risks and factors that are described therein. This is a formidable utility franchise in a highly sought-after jurisdiction. 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. The fund targets infrastructure, transportation, renewable energy, power, utilities, waste & water management, oil & gas, industrials, and commercial services sectors. Brookfield Infrastructure Partners is required to use reasonable efforts to send a Schedule K-1 to all unitholders, including those who may not require it. Brookfield Infrastructure Partners does not have sufficient information to track the tax cost of units for each individual holder. 1.1446(f)-4(b)(3)(iii) as applicable. Please also see a letter from counsel on this issue below, as well as more detailed discussion on this new rule and its applicability to BIP units. Typically, brokers will prepare and distribute the Form T5013 in late March. We expect to provide Schedule K-1 tax information via our online portal by mid-February and to have those forms mailed to our U.S. unitholders by the end of March. Brookfield Infrastructure Partners is a "flow through" entity for US income tax purposes, and its income comes from holding companies the partnership owns. At present, these holdings companies are in Canada, US, or Bermuda, and we do not expect this to change for the foreseeable future. PURPOSE OF THE CORPORATION . The allocation of Canadian taxable income is communicated using Form T5013 (not a Form T5). Who applies the withholding tax? USA identifies the source of the income as United States. Reg. Consolidated Statements of Financial Position, Brookfield Infrastructure Partners L.P. To view Brookfield Infrastructure Debt Fund IIs complete limited partners history, request access, Youre viewing 5 of 281 funds. Brookfield Infrastructure Partners is not a corporation or a trust. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? Sec. The rate of withholding varies, amongst other factors, depending on a holders country of tax residence, type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners transfer agent in the case of registered unitholders) with the appropriate Internal Revenue Service ("IRS") Form (Form W-8BEN, W-8BEN-E, W-8-ECI, W-8EXP, W-8IMY or W-9) and Canada Revenue Agency ("CRA") Form (Form NR301, NR302, and NR303). Brookfield Infrastructure Partners is a Bermuda based limited partnership. 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. Brookfield Infrastructure Fund Ii-a is based out of New York. 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. Reg. The statutory filing/mailing requirement for Form T5013 is the end of March. We begin this year with a strong liquidity position and half of our 2022 deployment target already secured.. Infrastructure | Brookfield Infrastructure Overview Quick Links We are one of the world's largest infrastructure investors. Payments from holding companies in Canada to a US resident such as dividends may be subject to withholding taxes. Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. Please consult with your tax advisor on how the share split would impact your adjusted cost base of your Brookfield Infrastructure Corporation shares. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search When will I (non-registered unitholder) receive my Tax Form (T5013)? Brookfield Infrastructure Partners is not a tax shelter and therefore does not have an applicable TS number. Fund # 805-2824939657: CIK # 0001575108: Sale: 2013-05-30 ($6.6 BB Sold) Fund: Private Equity Fund Brookfield Infrastructure Corporation We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. 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 (). Previously issued notices can be found in the Qualified Notices section below. As a result of the special distribution from Brookfield Infrastructure Partners L.P. in 2020, I received class A shares of Brookfield Infrastructure Corporation. 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). At present, these holdings companies are in Canada, US, or Bermuda, and we do not expect this to change for the foreseeable future. www.taxpackagesupport.com/brookfield. Email:bip.enquiries@brookfield.com, Evolving to offer the best of both worlds. Brookfield Infrastructure Partners is required to use reasonable efforts to send a Schedule K-1 to all unitholders, including those who may not require it. BOX 505000 Management uses funds from operations per unit (FFO per unit) as a key measure to evaluate operating performance. The statutory filing/mailing requirement for Form T5013 is the end of March. Cliquez pour afficher le (s) numro (s) 06 68 96 30 . In 2012, we acquired another company in the U.K. and merged the two operations. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip. Is Brookfield Infrastructure Partners considered Passive Foreign Investment Company (PFIC) or Controlled Foreign Corporation (CFC)? In limited cases the information provided to us may be incomplete and/or inaccurate. The Schedule K-1 is the U.S. equivalent of a Form T5013. Brookfield Infrastructure Partners L.P. is one of the largest owners and operators of critical global infrastructure networks which facilitate the movement and storage of energy, water, freight, passengers and data.
