brookfield infrastructure fund ii

Register now to read this article and more for free. If your tax software requires this number to proceed with your filing, please contact customer support for the tax preparation software that you are using and they may be able to assist you. The capital was raised in less than 14 months and the fund has already committed capital to four seed assets. Reg. 462 South 4th Street, Suite 1600 Our portfolio, grounded in 120 years of investment experience, provides diversified exposure to scarce, high-quality businesses with significant barriers to entry. Generally, our unitholders own their units in "nominee form" through brokers (also known as "beneficial" holders). Log in. 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. My tax software requires that I insert a six-digit Tax Shelter (TS) number. Find the latest Brookfield Infrastructure Partners L.P. (BIP) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. Brookfield Perspectives is a podcast exploring how we invest in the backbone of the global economy. 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. 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. Alternatively, Canadian unitholders can find information about the amount of taxes withheld on their monthly/annual broker statements. X Yes No 9. 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. BOX 505000 Is Brookfield Infrastructure Partners a Specified Foreign Property? OPERATIONAL TELECOM TOWERS AND ACTIVE ROOFTOP SITES. Can I E-File my tax return? 83870 Signes. If you are a beneficial Canadian resident unitholder and did not receive your Form T5013, please contact the brokerage firm with whom your units are held. FFO benefited from inflationary-indexation and additions to rate base, as well as the acquisition of an additional interest in our Brazilian regulated gas transmission business completed during the year. 1.1446(f)-4(b)(3)(ii)(A)(2). 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. Not the case? The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. If you are a U.S. unitholder and did not receive your Schedule K-1 for the previous taxation year please contact us at (866) 949-2771 or atwww.taxpackagesupport.com/brookfield. After adjusting for revaluation and dividends paid on our Shares that are classified as liabilities under IFRS, this represents an increase in net income of approximately $170 million compared to the prior year. Assets that handle the movement and storage of commodities from a source of supply to a demand (). Is Brookfield Infrastructure Partners considered Passive Foreign Investment Company (PFIC) or Controlled Foreign Corporation (CFC)? The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. FFO for the midstream segment totaled $492 million in 2021, an increase of approximately $200 million, or 70%, compared to the prior year. Does Brookfield Infrastructure Partners generate any Unrelated Business Taxable Income (UBTI)? There may be minor differences due to exchange rates. The fund is based in Toronto, Canada and it invests in Canada. 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. 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. 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. Win whats next. The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. Brookfield Infrastructure Partners L.P. is expected to qualify as an "investment" partnership" so that the special distribution of class A shares of Brookfield Infrastructure Corporation to a U.S. unitholder who is an "eligible partner" qualifies as a non-taxable distribution of property. Sign up to receive emails from IREI. Global:1-416-363-9491. Brookfield Oaktree Wealth Solutions; News & Insights. I am a European resident. Please note that ones personal tax circumstances must be taken into account and that the IRS will, in certain circumstances, require individuals to submit their tax returns in a paper format. 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. Previously issued notices can be found in the Qualified Notices section below. Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. Genesee & Wyoming is a leading short haul operator with a network of over 22,000 km of track across the U.K. and North America. Are units considered foreign property for the purposes of the Canada Revenue Agency T-1135 Form Foreign Income Verification Statement? Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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 . Brookfield Infrastructure Partners is not considered a PFIC or CFC for U.S. tax purposes. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. Consolidated Statements of Cash Flows, Brookfield Infrastructure Partners L.P. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Reg. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Previously issued notices can be found in the Qualified Notices section below. Computershare This step-change increase reflects the acquisition of IPL, which was completed in the fourth quarter. 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. 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. 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. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. Brookfield Infrastructure Debt Fund II is an infrastructure debt fund managed by Brookfield Capital Partners. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. For Canadian 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 of all income and expenses reported on Form T5013, minus the cash distributions received. 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. Our highly contracted data transmission and storage businesses have also benefited from inflation indexation and higher rates across the portfolio. 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). While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its . I am a beneficial unitholder and havent received my T5013. What is Brookfields NAICS? Brookfield began marketing the fund in January. 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 . Our business generated FFO of $436million for the year, representing a 9% increase compared to the prior year. This is a formidable utility franchise in a highly sought-after jurisdiction. Brookfield Infrastructure Partners is a Bermuda based limited partnership that is treated as a partnership for U.S. tax purposes. Please consult with your tax advisor on how the share split would impact your adjusted cost base of your Brookfield Infrastructure Corporation shares. The fund targets infrastructure, transportation, renewable energy, power, utilities, waste & water management, oil & gas, industrials, and commercial services sectors. Private Funds; Public Securities; Financial Advisors. Issuer Size 6. If your units are held in an IRA, you generally do not need to report the amounts on your K-1 and you should keep your K-1 for your records. We own and operate assets across the transport, data, utilities and midstream sectors with a focus on cash flow stability and resilience. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Why does the $CAD cash I received not equal the amount reflected on my T5013? You should only be asked to sign in once. 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Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Alberta, Canada. The fund is located in New York, New York. Find potential buyers without revealing your identity. Mis jour le 15 mai 2020 09:56. par Mairie de Signes. 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. The net income and Funds from Operations1 (FFO) of BIPC are captured in the Partnerships financial statements and results. What is my Adjusted Cost Basis? 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. A . Brookfield Infrastructure Fund IV-A, L.P. Street Address 1 Street Address 2; BROOKFIELD PLACE: 250 VESEY STREET, 15TH FLOOR: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; NEW YORK: NEW YORK: 10281-1023 . We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. Click here. PURPOSE OF THE CORPORATION . 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. To view Brookfield Infrastructure Debt Fund IIs complete limited partners history, request access, Youre viewing 5 of 281 funds. Our Australian Ports Terminal portfolio contains irreplaceable assets, including two fully automated terminals in Brisbane and Sydney. Mis jour le 18 mars 2021 10:27. par Mairie de Signes. Fourth Quarter 2021 Results. Owning a unit of BIP LP does not provide you with a U.S. tax filing obligation. At present, these holdings companies are in Canada, US, or Bermuda, and we do not expect this to change for the foreseeable future. No, Brookfield Infrastructure Partners has not and is not expected to generate effectively connected income (ECI) or commercial activity income (on a global basis). 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. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? 1.1446(f)-4(b)(3)(iii) as applicable. This distribution represents a 6% increase compared to the prior year. publication offers and more. 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. 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. 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 a Limited Partnership, Corporation or Trust? Statements of Funds from Operations per Unit. Additionally, 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. We are one of the worlds largest infrastructure investors. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. 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. Brookfield Infrastructure Debt Fund II is an infrastructure debt fund managed by Brookfield Capital Partners. As a result of the special distribution from Brookfield Infrastructure Partners L.P. in 2020, I received class A shares of Brookfield Infrastructure Corporation. Fund Investors. 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). Brookfield Infrastructure Partners U.S. tax identification number (Employer Identification Number) is 98-0330282. As a result of the special distribution from Brookfield Infrastructure Partners L.P. in 2020, I received class A shares of Brookfield Infrastructure Corporation. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Law Firm search Payments from holding companies in US and Bermuda to a US resident are generally not subject to withholding tax. Sec. 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). BMU identifies the source of the income as Bermuda. Can I E-File my tax return? The conference call can be accessed via webcast on February 2, 2022 at 9:00 a.m. Eastern Time at https://edge.media-server.com/mmc/p/ro7wn5n6 or via teleconference at 1-866-688-9459 toll free in North America. Systems involved in the movement of freight, commodities and passengers. Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? 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. Reg. Ouvert Tous les jours. Cliquez pour afficher le (s) numro (s) 06 68 96 30 . 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. This dividend is identical in amount per Share and has identical record and payment dates to the quarterly distribution announced today by BIP on its units. 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. Please note that we are required to issue K-1 forms to all U.S. unitholders, regardless if their units are held in a tax deferred account such as an IRA. The Forms 1099-INT and DIV prepared by your broker will include information on any foreign withholding taxes that were withheld by your broker so that you may claim them, if eligible, in your tax return as a credit and/or deduction. Brookfield Infrastructure Partners is a publicly traded partnership that does not earn active business income. How can I obtain a tax credit for foreign taxes withheld? Get the full list, To view Brookfield Infrastructure Fund IIs complete team members history, request access, Youre viewing 5 of 44 funds. What Tax Form will I receive as a U.S. Unitholder? Reconciliation of Net Income to Funds from Operations, Brookfield Infrastructure Partners L.P. The Baron Real Estate Income Fund received 4 . North America: 1-866-989-0311 Please consult with your tax advisor on how the share split would impact your adjusted cost basis of your Brookfield Infrastructure Corporation shares. Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure Partners) is a Bermuda based limited partnership that is treated as a partnership for Canadian tax purposes. 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.

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