Brookfield Infrastructure Partners L.P. and Brookfield Infrastructure Corporation announced plans to simplify their corporate structure by converting into one publicly traded corporation named Brookfield Infrastructure Partners Inc. The simplification will exchange outstanding BIP limited partnership units and BIPC class A exchangeable subordinate voting shares on a one-for-one basis for newly issued shares of BIP Inc., with completion expected in the fourth quarter of 2026 following special meetings on October 14, 2026. The transaction is designed to be tax-deferred for Canadian and U.S. investors and aims to improve trading liquidity, broaden the investor base, and enhance governance. BIP's preferred units and public debt will remain outstanding and unaffected, and Brookfield Asset Management's ownership and fee arrangements will continue unchanged. The boards of both entities, based on recommendations from independent special committees and fairness opinions from Scotiabank, unanimously approved the simplification and recommend securityholder approval.
Bank of Nova ScotiaScotiabank provided fairness opinions for the transaction, generating advisory fees and reinforcing its investment banking relationship.
Brookfield Asset Management Ltd.
Brookfield Infrastructure Partners LP
Brookfield Infrastructure Corp