Consequently, holders of Brookfield Infrastructure Partners units are advised to consult their own tax advisors with respect to their particular circumstances. Tel:416-956-5129 PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Reg. Please note that Brookfield Infrastructure Partners previous audited annual and unaudited quarterly reports have been filed on SEDAR and Edgar, and can also be found in the shareholders section of its website at www.brookfield.com/infrastructure. X Yes No 9. Sec. FFO for the midstream segment totaled $492 million in 2021, an increase of approximately $200 million, or 70%, compared to the prior year. At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. Sec. Brookfield Infrastructure Partners L.P. does not have sufficient information to track the tax cost of units for each individual holder. Brookfield Infrastructure Fund III is a 2016 vintage infrastructure value added fund managed by Brookfield Asset Management. All rights reserved. Upload your latest press release or suggest a story idea to our editorial team. Businesses that provide essential services and critical infrastructure to transmit and store data globally. 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. Assets that handle the movement and storage of commodities from a source of supply to a demand (). Computershare 1.1446(f)-4(b)(3)(iii) as applicable. 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. What is the tax nature of the income earned by Brookfield Infrastructure Partners? Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Computershare We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. Oaktree Real Estate Opportunities Fund IX seeks to raise $6bn. 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. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. When will I (non-registered unitholder) receive my Tax Form (T5013)? 2023 PitchBook. Brookfield Infrastructure Partners L.P. is characterized as a corporate limited partnership for Australian income tax purposes. 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. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? Fund Investors. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Brookfield Infrastructure Partners U.S. operations are carried out through U.S. resident corporate subsidiaries. Reg. Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . What is the tax nature of the income earned by Brookfield Infrastructure Partners? 2023 PitchBook. Previously issued notices can be found in the Qualified Notices section below. 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.enquiries@brookfield.com The data segmentgenerated FFO of $238 million in 2021, an increase of 21%. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Read our policy. The special distribution should not be taxable to a Canadian resident shareholder for Canadian income tax purposes provided the adjusted cost base of the Brookfield Infrastructure Partners L.P. units held by the Canadian resident holder is positive after the special distribution. 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. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian 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. Brookfield Infrastructure Partners is not a corporation or a trust. Meilleurs htels 5 toiles Cte d'Azur sur Tripadvisor : consultez 43 508 avis de voyageurs, 37 286 photos, les meilleures offres et comparez les prix pour 63 htels 5 toiles Cte d'Azur, France. Annul ou ferm. Getty Images/iStockphoto. I am an Australian resident. 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. 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. 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P.O. Reg. 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. Can you send a replacement form? 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. FFO growth on a same-store basis was 11%. 1.1446(f)-4(b)(3)(iii) as applicable. Brookfield Asset Management is seeking to raise $25 billion for its fifth flagship infrastructure fund, its largest on record. Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. Is Brookfield Infrastructure Partners considered Passive Foreign Investment Company (PFIC) or Controlled Foreign Corporation (CFC)? The fund prefers to make impact investments in infrastructure. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com. Sec. Infrastructure Investor 100 Global Investor 50 2022 LP Perspectives 2023 Fundraising Direct Investment Regulation Debt Transport ESG Europe Asia-Pacific News & Analysis Fundraising Investors Deals People Rankings & Reports Rankings Infrastructure Debt 30 Infrastructure Investor 100 Global Investor 50 Global Investor 50: 2021 Brookfield Asset Management is a global alternative asset manager with over USD $625 billion in assets under management (as of June 30, 2021). In 2009, as part of the restructuring of Babcock & Brown Infrastructure, we acquired a regulated U.K. distribution business connecting homes to the main utility grid. Why does the $CAD cash I received not equal the amount reflected on my T5013? Is Brookfield Infrastructure Partners a Specified Foreign Property? While the energy supply shortage in . 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 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). Readers are encouraged to consider both measures in assessing Brookfield Infrastructures results. Who applies the withholding tax? BIPC reported a net loss attributable to the partnership of $368 million compared to $552 million in the prior year. Brookfield Infrastructure Fund III is a closed private equity fund managed by Brookfield Infrastructure Partners . 1.1446(f)-4(b)(3)(ii)(A)(2). 150 Royall St., Suite 101 You should only be asked to sign in once. 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. Statements of Funds from Operations per Unit. What Tax Form will I receive as a U.S. Unitholder? No. Shareholder correspondence should be mailed to: 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 . Find potential buyers without revealing your identity. Why havent I received a K-1? The North American rail business is highly resilient with significant business segment diversification across 14 major commodity groups. February 2023 . 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. 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. Win whats next. The words will, target, future, growth, expect, believe, may, derivatives thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify the above mentioned and other forward-looking statements. The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. Withholding tax information for quarterly distributions will be posted approximately two weeks prior to each distribution payment date on the tax section of our website. 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. Reg. 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. What is my Adjusted Cost Basis? Owning a unit of BIP LP does not provide you with a U.S. tax filing obligation. 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. Inter Pipeline is a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Brookfield Infrastructure Partners is a publicly traded partnership that does not earn active business income. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Are units considered foreign property for the purposes of the Canada Revenue Agency T-1135 Form Foreign Income Verification Statement? On Jun 13, 2022, there was a 3 for 2 share split in the shares of Brookfield Infrastructure Corporation. Issuer Size 6. The private equity giant will this week launch the Brookfield Global Transition Fund II, a larger iteration of its previous fund focused on decarbonization and clean energy, Natalie Adomait . Duration of Offering Does the Issuer intend this offering to last more than one year? Further information is available at www.brookfield.com/infrastructure. The fund will target investments in primary areas of infrastructure which include transportation, renewable power, utilities and energy, and also . 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). 1. Furthermore, Brookfield Infrastructure Partners does not directly own any assets used in a U.S. trade or business. Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? Sec. 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. 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. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? 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. Sec. Hard copies of the annual and quarterly reports can be obtained free of charge upon request. No, Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI) or commercial activity income (on a global basis). Copies of the Partnerships continuous disclosure filings are available electronically on EDGAR on the SECs website at www.sec.gov or on SEDAR at www.sedar.com.
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