brookfield infrastructure fund ii

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. We own and operate assets across the transport, data, utilities and midstream sectors with a focus on cash flow stability and resilience. Brookfield Asset Management is a global alternative asset manager with over USD $625 billion in assets under management (as of June 30, 2021). Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. Letter from Counsel re 1446(f) Withholding Exception. Who applies the withholding tax? The initial basis tax basis in the class A shares received in the special distribution by a U.S. unitholder that qualifies as an eligible partner will equal the lesser of (i) Brookfield Infrastructure Partners L.P.'s adjusted tax basis in such class A shares immediately before the distribution of $35.748 per share and (ii) such U.S. unitholder's adjusted tax basis in its interest in Brookfield Infrastructure Partners L.P. reduced by the amount of any cash received in lieu of fractional class A shares pursuant to the special distribution. 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. If you believe you have received a Schedule K-1 in error, wish to correct the K-1 you have been issued, or have any other questions related to your K-1, please contact Tax Package Support at(866) 949-2771. Brookfield Oaktree Wealth Solutions; News & Insights. Our business generated FFO of $436million for the year, representing a 9% increase compared to the prior year. Reg. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. VLI transports millions of tons of agricultural products and steel products that are critical to the Brazilian economy. Brookfield Infrastructures results include limited partnership units held by public unitholders, redeemable partnership units, general partnership units, Exchange LP units, BIPC exchangeable LP units and BIPC exchangeable shares. What is the tax nature of the income earned by Brookfield Infrastructure Partners? Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. BMO Brookfield Global Renewables Infrastructure Fund second quarter of 2022. What is Brookfields NAICS? Payments from holding companies in Canada to a US resident such as dividends may be subject to withholding taxes. Prior year results reflected an additional 12.5% ownership in our U.S. gas pipeline, which was sold in March. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. The following table presents FFO by segment: We completed or advanced several important initiatives in, and subsequent to, the fourth quarter of 2021: The Board of Directors has declared a quarterly distribution in the amount of $0.54 per unit, payable on March 31, 2022 to unitholders of record as at the close of business on February 28, 2022. 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. BIPs letter to unitholders and supplemental information are available at www.brookfield.com/infrastructure. We are one of the worlds largest infrastructure investors. Brookfield Infrastructure Partners L.P. is characterized as a corporate limited partnership for Australian income tax purposes. Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. Forward-looking statements in this news release may include statements regarding expansion of Brookfield Infrastructures business, the likelihood and timing of successfully completing the transactions referred to in this news release, statements with respect to our assets tending to appreciate in value over time, the future performance of acquired businesses and growth initiatives, the commissioning of our capital backlog, the pursuit of projects in our pipeline, the level of distribution growth over the next several years and our expectations regarding returns to our unitholders as a result of such growth. Type of Filing 8. The fund will target investments in primary areas of infrastructure which include transportation, renewable power, utilities and energy, and also . Investors that own more than 5% of Brookfield Infrastructure Partners publicly traded units may be subject to FIRPTA taxation on a disposition of their units. I am a European resident. These amounts will vary from year-to-year and are calculated in accordance with U.S. tax rules. Brookfield closes second debt fund on $2.7bn | Infrastructure Investor The Canadian firm has already made four seed investments from BID II, which it raised in a little over a year. Fourth Quarter 2021 Results. The amount of interest, dividends and returns of capital that is earned and then allocated to unitholders will vary depending upon the particular business unit(s) from which funds are sourced. Railpens Cambridge portfolio already includes Cambridge Retail Parkand The BeehiveCentre, Separate account relationship withGCM Grosvenor expected tonon-core real estate, Singapores GICexpands exposure to logistics assets with4m sqft portfolio purchase, Copyright 19972023 IPE International Publishers Limited, Registered in England, Reg No. Can you send a replacement form? I am a U.S. resident. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? 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. 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. The fund prefers to make impact investments in infrastructure. Global: 1-416-363-9491. Instead, Brookfield Infrastructure Partners receives various types of investment income, such as interest, dividends and return of capital, from subsidiary corporations that carry on business in various jurisdictions. Readers are encouraged to consider both measures in assessing Brookfield Infrastructures results. Unitholders are obligated to accurately compute the tax cost of their Brookfield Infrastructure Partners L.P. units. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Law Firm search The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. Who will send my Tax Form and when will I receive it (K-1)? If you do not receive a K-1 and require one, please contact Tax Package Support at (866) 949-2771 orwww.taxpackagesupport.com/brookfieldand they will assist you. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Please select the NAICS code you deem most appropriate. I believe my K-1 is incorrect who should I contact to fix this? In general, this special distribution will reduce the adjusted cost base of your interest in the partnership units of Brookfield Infrastructure Partners L.P. by an amount equal to the fair market value at the time of the special distribution of the class A shares you have received. Our transport segment is a significant beneficiary of the robust economic recovery occurring in most of our investment markets. References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. 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. BROOKFIELD INFRASTRUCTURE CORPORATION . Current year results reflect strong operating performance and organic growth across our portfolio, in addition to the initial contribution from growth capital deployed during the year. Cliquez pour afficher le (s) numro (s) 06 68 96 30 . For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com. 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. 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. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com North America: 1-866-989-0311 Global: . Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. Does Brookfield Infrastructure Partners generate UBTI? G&W owns or leases116 freight railroads worldwide organized in locally managed operating regions with 7,300 employees serving over 3,000 customers. No. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip. The Board has reviewed and approved this news release, including the summarized unaudited financial information contained herein. Reg. Don't have an account? 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. Payments from holding companies in Canada and Bermuda to a Canadian resident are not subject to withholding tax. Please check your spam or junk folder just in case. Brookfield Infrastructure Partners is not a tax shelter and therefore does not have an applicable TS number. Brookfield Infrastructure Partners is a publicly traded partnership that does not earn active business income. What is the tax nature of the income earned by Brookfield Infrastructure Partners? In the U.S., units of Brookfield Infrastructure Partners qualify for IRA and 401(k) accounts. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. We would generally expect Australian tax resident unitholders to treat Brookfield Infrastructure Partners L.P.'s distributions as unfranked dividends unless otherwise advised. Ouvert Tous les jours. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. A lower-risk core infrastructure strategy should deliver a consistent cash yield with attractive risk-adjusted returnsregardless of economic cycles. Beneficial Canadian unitholders (i.e., those holding their units in street name with their brokerage) should receive a T5013 from their Canadian broker. The same fair market value at the time of the special distribution of the class A shares received is your adjusted cost base. The Canadian firm has already made four seed investments from BID II, which it raised in a little over a year. After the end of Brookfield Infrastructure Partners' taxation year (December 31), the U.S. 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. Getty Images/iStockphoto. Note that as Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI), we do not expect non-U.S. investors to be subject to U.S. tax withholding under IRC Section 1446(b) and 1446(f). Alternatively, use the link to Tax Package Support at the right side of this page. Global:1-416-363-9491. Brookfield Infrastructure Fund IV-A, L.P. Mailing Address: c/o Brookfield Asset Managemetn Inc. Brookfield Place 250 Vesey Street New York, New York 10281-023: . What Tax Form will I receive as an Australian Unitholder? For the year ended December 31, 2021, we reported net income attributable to the partnership of $1.1billion compared to $0.4 billion for the prior year. Is this special distribution taxable for U.S. federal income tax purposes? An fundraising target was not disclosed. OPERATIONAL TELECOM TOWERS AND ACTIVE ROOFTOP SITES. Box 43078 You should only be asked to sign in once. Consolidated Statements of Cash Flows, Brookfield Infrastructure Corporation In 2021, we acquired Inter Pipeline, a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. www.computershare.com/investor, Brookfield Infrastructure million electricity and natural gas connections, Here's What Can Provide Fillip to India's Infrastructure Privatisation Effort, Intel Signs $30 Billion Funding Partnership With Brookfield to Finance Chip-Factory Expansion, Brookfield Takes Impact Investing to the Infrastructure Mainstream, Critical First- and Last-Mile Rail Connections, A Leader in Data Center Infrastructure in Latin America, Connecting U.K. Homes to the Utility Grid, Owning and Operating Energy Infrastructure in Western Canada, An Integrated Logistics Provider in Brazil, A Leading Independent Communications Infrastructure Business, A Natural Gas Pipeline Accounting for More Than Half of Brazils Natural Gas Demand, Operating Large-Scale Container Terminals Out of Four Key Ports, Evolving to offer the best of both worlds. Brookfield closes second debt fund on $2.7bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, Infrastructure Investor Global Summit 2023. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. The net income and Funds from Operations1 (FFO) of BIPC are captured in the Partnerships financial statements and results. Brookfield Infrastructure Partners is a Bermuda based limited partnership. The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? 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. 83870 Signes. 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. 1.1446(f)-4(b)(3)(iii) as applicable. BIPC reported a net loss attributable to the partnership of $368 million compared to $552 million in the prior year. These towers are strategically located for pan-India 4G coverage. Oaktree Real Estate Opportunities Fund IX seeks to raise $6bn. Sec. Please consult with your tax advisor on how the share split would impact your adjusted cost base of your Brookfield Infrastructure Corporation shares. The Board of Directors of Brookfield Infrastructure Corporation (BIPC or our company) (NYSE, TSX: BIPC) today has declared a quarterly dividend in the amount of $0.54 per class A exchangeable subordinate voting share of BIPC (a Share), payable on March31, 2022 to shareholders of record as at the close of business on February28, 2022. Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? The firm last filed a Form D notice of exempt offering of securities on 2013-10-07. Non-U.S. investors that own 5% or less of Brookfield Infrastructure Partners publicly traded units should not be subject to FIRPTA taxation on a disposition of their units. 2023 PitchBook. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Win whats next. Brookfield Infrastructure Partners L.P. does not have sufficient information to track the tax cost of units for each individual holder. Payments from holding companies in US and Bermuda to a US resident are generally not subject to withholding tax. The source of funds for the distributions will also affect how much if any of the distributions are subject to withholding tax. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. 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. www.taxpackagesupport.com/brookfield. Brookfield Infrastructure Partners U.S. tax identification number (Employer Identification Number) is 98-0330282. I am a Canadian resident. Brookfield on track to raise $3bn for latest infra debt strategy - exclusive The manager was originally targeting $1.75bn for its second mezzanine fund, expected to reach a final close as early as end of October. Assets that handle the movement and storage of commodities from a source of supply to a demand center. Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. 462 South 4th Street, Suite 1600 Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Except as required by law, Brookfield Infrastructure Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise. BMU identifies the source of the income as Bermuda. Results benefited from strong organic growth driven by volume increases, inflationary tariff increases and a full year contribution from our U.S. LNG export terminal. 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. We generated a record $12.4 billion of total net incomecompared with $707 million in 2020. The source of funds for the distributions will also affect how much, if any, of the distributions are subject to withholding tax. If you have elected to receive distribution in CAD, there will be a record date and a payment date. Note: This news release may contain forward-looking information within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations.
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