Regulated or contracted businesses that earn a return on asset base. Management uses funds from operations per unit (FFO per unit) as a key measure to evaluate operating performance. Providence RI 02940-3078, Overnight correspondence should be mailed to: I owned units of Brookfield Infrastructure Partners L.P. prior to the formation of Brookfield Infrastructure Corporation. The fund targets infrastructure, transportation, renewable energy, power, utilities, waste & water management, oil & gas, industrials, and commercial services sectors. 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. Am I subject to Foreign Investment Real Property Tax Act (FIRPTA)? 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. 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. Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. 2021 Highlights $12.4B TOTAL NET INCOME GENERATED $6.3B DISTRIBUTABLE EARNINGS $71B CAPITAL RAISED IN 2021 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). For U.S. residents, in general, a unitholder's tax cost of his/her Brookfield Infrastructure Partners units should equal the sum of (i) the amount paid to acquire the units and (ii) the net taxable income allocated to the unitholder, minus the cash distributions received. 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. The capital was raised in less than 14 months and the fund has already committed capital to four seed assets. Chief Executive Officer, Insurance Solutions, John Hancock Life Insurance Company of New York, Youre viewing 5 of 24 limited partners. 2021 was a remarkable year for Brookfield Infrastructure, highlighted by our strong organic growth, capital recycling accomplishments, and the deployment of significant capital into new investments and other growth initiatives, said Sam Pollock, Chief Executive Officer of Brookfield Infrastructure. Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . What is Brookfield Infrastructure Partners Partnership ID Number? Net income in the current year also includes gains associated with the disposition of several businesses completed during the year, most notably the sale of our district energy portfolio. Sec. What Tax Form will I receive as a U.S. Unitholder? Basic and diluted earnings per unit attributable to: Earnings from investments in associates and joint ventures, net of distributions received, Mark-to-market on hedging items, provisions and other, Net settlements of foreign exchange contracts, Distributions to limited and general partners, Net capital provided (to) by non-controlling interest and other, Share of losses (earnings) from investments in associates and joint ventures, FFO contribution from investments in associates and joint ventures, FFO attributable to non-controlling interests, Loans payable to Brookfield Infrastructure, Equity in net assets attributable to the Partnership, Remeasurement of exchangeable and class B shares, Mark-to-market and other (expense) income, Mark-to-market on hedging items and other, Disposal of subsidiaries, net of cash disposed, Purchase of long-lived assets, net of disposals, Settlement of foreign exchange hedging items, Capital provided to non-controlling interest, Proceeds from borrowings, net of repayments, Mark-to-market on hedging items and foreign currency revaluation, Dividends classified as interest expense and interest expense on intercompany loans. Brookfield Infrastructure Fund II-A LP | AUM 13F The fund prefers to make impact investments in infrastructure. Brookfield Infrastructure Fund IV-A, L.P. Profile - SEDAR Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? We have since achieved considerable growth through operational improvements and the addition of product lines. Consequently, the brokers are responsible for withholding taxes as only they possess the requisite information about the unitholder that is necessary to calculate the appropriate amount to withhold as is typical for publicly traded securities. Readers are encouraged to consider both measures in assessing Brookfield Infrastructures results. Sec. What is the tax nature of the income earned by Brookfield Infrastructure Partners? 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. Depending upon the particular taxation year, the T5013 will report various sources of income and expenses in a number of boxes on the form. Brookfield Asset Management is a global alternative asset manager with over USD $625 billion in assets under management (as of June 30, 2021). 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 . Baron Real Estate Income Fund Q1 2023 Shareholder Letter I am a beneficial unitholder and havent received my T5013. Collecte et tri des dchets - Mtropole Nice Cte d'Azur To date, 28 investors have committed capital to the fund. How can I obtain a tax credit for foreign taxes withheld? Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Proposed onshore, closed-ended structure could compete with the likes of Luxembourg RAIF, RoundShield European Special Opportunities Fund V expects 800m target and 950m hard cap. The utilities segment generated FFO of $705 million compared with $659 million in the prior year. Why dont I receive the full distribution amount? February 2023 . Generally, our unitholders own their units in "nominee form" through brokerages and we rely on information acquired from brokers and/or clearing houses to prepare the Schedule K-1. 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). Annul ou ferm. Dividends from Canada and US are "qualified dividends" and therefore eligible for a preferential U.S. income tax rate (for individuals)1. Listen and Subscribe. Insights; Podcasts; Newsroom; Footer menu. If you have any questions about Form T5013 you should contact your broker. Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. Funds From Operations (or FFO) of $1.7 billion for the year reflects a 19% increase compared to 2020. Brookfield Infrastructure Debt Fund II is focused on infrastructure debt, targeting mezzanine debt investments in high-quality core infrastructure assets primarily in North America, as well as in South America, Australia and Europe. Generally, our unitholders own their units in nominee form through brokers (also known as beneficial holders). EDP Jump (Signes) | Provence-Alpes-Cte d'Azur Tourisme Earnings benefited from capital commissioned into rate base and the recovery of connections activity at our U.K. regulated distribution business, as well as inflationary tariff increases and an increased ownership interest at our Brazilian regulated gas transmission business. Results were supported by strong growth from our base business, the full recovery from shutdown-related effects experienced in 2020, and the significant contribution from over $3 billion deployed in growth initiatives. Evolving to offer the best of both worlds. Please consult with your tax advisor on how the share split would impact your adjusted cost basis of your Brookfield Infrastructure Corporation shares. 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. The same fair market value at the time of the special distribution of the class A shares received is your adjusted cost base. Ouvert Tous les jours. Consolidated Statements of Financial Position, Brookfield Infrastructure Partners L.P. Can I E-File my tax return? Preferred Instruments | Brookfield Infrastructure Partners Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Please consult with your tax advisor on how the share split would impact your adjusted cost base of your Brookfield Infrastructure Corporation shares. We own and operate assets across the transport, data, utilities and midstream sectors with a focus on cash flow stability and resilience. Sec. We would generally expect Australian tax resident unitholders to treat Brookfield Infrastructure Partners L.P.'s distributions as unfranked dividends unless otherwise advised. 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. They include US$27m loan issued to Polaris Infrastructure, a Toronto-based operator and developer of renewable energy projects in Latin America, and a debt facility for Vivint Solar, a provider of residential solar power in the US. Yes, the T5013 Form you receive should include all information that is required by law for you to e-file your Canadian personal tax return. A filing with the Securities Exchange Commission shows that Brookfield Infrastructure Debt Fund II has closed. We invest in infrastructure assets that deliver essential goods and servicesfrom the movement of passengers and freight over toll roads and rail networks to the distribution of products through ports and pipelines, and much more. We cannot send a replacement form to a non-registered unitholder. The fund prefers to make impact investments in infrastructure. 2021 results also reflect the acquisition of an additional interest in our Brazilian regulated gas transmission operation completed in April. 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. The source of funds for the distributions will also affect how much if any of the distributions are subject to withholding tax. 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. Reg. Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. A lower-risk core infrastructure strategy should deliver a consistent cash yield with attractive risk-adjusted returnsregardless of economic cycles. Brookfield Infrastructure Partners L.P. does not have sufficient information to track the tax cost of units for each individual holder. Brookfield Infrastructure Partners L.P. - Google The rate of withholding varies, amongst other factors, depending on the type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners L.P.s 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). In 2021, we acquired Inter Pipeline, a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. 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. Typically, brokers will prepare and distribute the Form T5013 in late March. 1.1446(f)-4(b)(3)(iii) as applicable. 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). Brookfield Asset Management is a premier global alternative asset manager with $725 billion of assets under management across renewable power & transition, infrastructure, private equity, real estate, and credit & insurance solutions. www.computershare.com/investor, Brookfield Infrastructure Brookfield Infrastructure Partners is not anticipated to generate UBTI and has not generated any in prior years. 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. Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. When will I (non-registered unitholder) receive my Tax Form (T5013)? For Australian residents, the tax cost of units is the amount paid for Brookfield Infrastructure Partners L.P. units plus any incidental costs incurred to acquire them. 1.1446(f)-4(b)(3)(iii) as applicable. Can you send a replacement form? Computershare OPERATIONAL TELECOM TOWERS AND ACTIVE ROOFTOP SITES. References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip. Canton, MA 02021, Toll-Free:(877) 243-3717 The T5013 form does not require us to report a NAICS code but it would seem some personal software tax programs ask for them. Infrastructure | Brookfield Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. Get the latest Brookfield Infrastructure Partners L.P. (BIP.UN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and . This price environment and record storage volumes following extraordinary performance in the first quarter of the year led to same-store growth of 43%. What is Brookfield Infrastructure Partners Quebec Tax ID Number? 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. Sec Form D/A Our Australian Ports Terminal portfolio contains irreplaceable assets, including two fully automated terminals in Brisbane and Sydney. Last week, rival firm Global Infrastructure Partners announced it had raised U$2.8bn for two infrastructure debt funds. 2016 Vintage USD 14,000m Size Buy and sell stakes in Brookfield Infrastructure Fund III Access a unique secondary deal flow. Consolidated Statements of Cash Flows, Brookfield Infrastructure Corporation Email:bip.enquiries@brookfield.com, Evolving to offer the best of both worlds. Duration of Offering Does the Issuer intend this offering to last more than one year? 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. Please check your spam or junk folder just in case. Not the case? This summary is of a general nature only and is not intended to be, nor should it be construed to be, legal or tax advice to any particular holder of Brookfield Infrastructure Partners units, and no representation with respect to the U.S., Canadian, Australian and European income tax consequences to any particular holder is made. The firm has already begun marketing the fund, which may exceed the . For Australian income tax purposes, Brookfield Infrastructure Partners L.P. is treated as a corporation (i.e, not a "flow-through") and consequently distributions are expected to be unfranked dividends to Australian tax resident unitholders. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $690 billion of assets under management. This is a formidable utility franchise in a highly sought-after jurisdiction. 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.