Recent Updates — BIPC

Brookfield Infrastructure Corporation reported unaudited interim financial results for the three and nine months ended September 30, 2026. For the third quarter, net income was $409 million compared to $320 million in the prior year period, driven by revenues of $911 million. Operating income stood at $530 million, while cash from operating activities totaled $295 million. For the nine-month period, net income was $506 million against $773 million last year, with revenues reaching $2,735 million. The company owns and operates high-quality, essential infrastructure assets including a U.K. regulated distribution operation, a Brazilian regulated gas transmission operation, and a global intermodal logistics business.

Brookfield Infrastructure Partners L.P. reported third-quarter funds from operations (FFO) of $717 million, or $0.91 per unit, representing 10% growth compared to the prior year period. Net income for the quarter was $69 million, down from $440 million in the previous year, primarily due to lower gains on asset sales. The results were driven by strong organic growth across the portfolio, including a 25% increase in FFO from the data segment and contributions from recently commissioned capital projects. The company also highlighted strategic initiatives, including a partnership with NAVER for AI infrastructure and ongoing capital recycling efforts. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality assets in utilities, transport, midstream, and data sectors.

Brookfield Infrastructure has received all required approvals to complete the simplification of its corporate structure, which combines Brookfield Infrastructure Partners L.P. and Brookfield Infrastructure Corporation into a single entity. The transaction is expected to close on November 19, 2026. Upon closing, existing securityholders will automatically receive Class A subordinate voting shares of Brookfield Infrastructure Partners Inc. on a one-for-one basis. Trading under the symbol BIP is expected to commence on or about November 23, 2026. The company's distribution reinvestment plan has been terminated effective November 5, 2026. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality assets in utilities, transport, midstream, and data sectors.

Shareholders of Brookfield Infrastructure Corporation approved the BIPC Transaction Resolution at a special meeting held on October 29, 2026. The resolution passed with 94.51% support from Exchangeable and Class B shares voting together as a class, and 66.77% support from Exchangeable Shares voting separately, satisfying the required two-thirds majority thresholds. Brookfield Infrastructure Corporation operates in the infrastructure sector, owning and operating essential assets such as energy, transportation, and midstream facilities.

Brookfield Infrastructure Partners L.P. (BIP) unitholders voted overwhelmingly in favor of resolutions approving the proposed corporate structure simplification at a special meeting held on October 14, 2026. Over 99% of votes cast supported both the plan of arrangement and the amendment to BIP’s limited partnership agreement, including over 99% from minority unitholders as required under Multilateral Instrument 61-101. Approximately 60% of outstanding BIP units were represented at the meeting. The conversion into a Canadian corporation is not conditional on approval by Brookfield Infrastructure Corporation (BIPC) shareholders but is expected to close before the end of 2026, subject to a final court order from the Supreme Court of British Columbia anticipated around November 3, 2026. BIPC shareholders are reminded that their separate vote will occur at a rescheduled special meeting on October 29, 2026. Brookfield Infrastructure is a leading global infrastructure company owning and operating assets in utilities, transport, midstream, and data sectors.

Brookfield Infrastructure Corporation has adjourned its special meeting regarding the proposed corporate structure simplification to October 29, 2026. The move allows additional time for shareholders to submit votes, though current support remains strong. The transaction aims to combine Brookfield Infrastructure Partners L.P. and BIPC into a single publicly traded corporation, Brookfield Infrastructure Partners Inc., expected to close in the fourth quarter of 2026 pending regulatory approvals. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality assets in utilities, transport, midstream, and data sectors.