Brookfield Infrastructure Corp

Brookfield Infrastructure Corporation completed an internal restructuring, referred to as the Arrangement, on December 24, 2024. As part of this, holders of BIHC's exchangeable shares, excluding Brookfield, received BIPC's exchangeable shares on a one-for-one basis. Brookfield transferred its BIHC exchangeable shares to BIPC for class A.2 exchangeable shares, also on a one-for-one basis. Subsequently, BIHC's exchangeable shares were delisted, and BIPC's exchangeable shares were listed on the NYSE and the TSX. The company operates under a Relationship Agreement with its partnership, Holding LP, Brookfield Infrastructure Holding Entities, Service Providers, and BN, which outlines their interrelationships. As a controlled subsidiary of the partnership, the company benefits from and is subject to this agreement. BN has designated the company's group as the primary, though not exclusive, vehicle for Brookfield's future infrastructure acquisitions that align with the group's strategy and objectives, alongside other Brookfield Accounts. The company's acquisition strategy targets large-scale transactions, where it believes competition is lower and Brookfield can exert sufficient influence or control to implement its operations-oriented approach for value creation. The company anticipates the infrastructure industry will evolve similarly to real estate, with assets commonly owned through consortiums and partnerships of institutional equity investors and owner/operators. Therefore, a key part of its strategy involves participating with institutional investors in Brookfield-sponsored or co-sponsored consortiums for single asset acquisitions and as a partner in or alongside Brookfield-sponsored or co-sponsored partnerships targeting suitable acquisitions.