Mark.Srulowitz@brookfield.com: Short Form Prospectus Issuer: No: Telephone Number: 212 417-2520: Reporting Jurisdictions: Non-Reporting Issuer: Fax Number: Brookfield Infrastructure Partners is not anticipated to generate UBTI and has not generated any in prior years. 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. The NAICS codes should have no impact on the computation of your taxes. Regulated or contracted businesses that earn a return on asset base. We begin this year with a strong liquidity position and half of our 2022 deployment target already secured.. 1.1446(f)-4(b)(3)(ii)(A)(2). 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? Getty Images/iStockphoto. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? Previously issued notices can be found in the Qualified Notices section below. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. In conjunction with the Partnerships distribution declaration, the Board of Directors of BIPC has declared an equivalent quarterly dividend of $0.54 per share, also payable on March31, 2022 to shareholders of record as at the close of business on February28, 2022. Brookfield Infrastructure Fund II is a 2013 vintage infrastructure core fund managed by Brookfield Asset Management. The Schedule K-1 is the U.S. equivalent of a Form T5013. Please note that ones personal tax circumstances must be taken into account and that the CRA will, in certain circumstances, require individuals to submit their tax returns in a paper format. Louisville, KY 40233, Overnight correspondence should be mailed to: This distribution represents a 6% increase compared to the prior year. Get limited access to our industry news, analysis and data, plus regular email updates. There may be minor differences due to exchange rates. Canton, MA 02021, Toll-Free:(877) 243-3717 While the energy supply shortage in . Brookfield Perspectives is a podcast exploring how we invest in the backbone of the global economy. Depending upon the particular taxation year, the T5013 will report various sources of income and expenses in a number of boxes on the form. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Previously issued notices can be found in the Qualified Notices section below. Brookfield Asset Management closed its second global infrastructure debt fund, the $2.7 billion Brookfield Infrastructure Debt II, a spokeswoman confirmed in an email. What is the tax nature of the income earned by Brookfield Infrastructure Partners? At present, these holdings companies are in Canada, US, or Bermuda, and we do not expect this to change for the foreseeable future. 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. Although Brookfield Infrastructure believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. 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. Brookfield Infrastructure Partners is a Bermuda based limited partnership. Generally, T5013 forms are prepared and distributed by brokers based on information we provide on or before the end of February following the end of each taxation year to CDS Innovations which is typical for publicly traded securities. 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. In an inflationary environment, backbone real assets, private credit and transition-focused investments are where you want to be invested. 462 South 4th Street, Suite 1600 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. Log in. 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. 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. Comparative period financial results included a full year of earnings from our U.K. smart meter portfolio and North American district energy platform, both of which we sold inthe first half of 2021. There could be a discrepancy in the FX rate used between the record and payment dates. Reg. Who will send my Tax Form and when will I receive it (K-1)? 2021 Highlights $12.4B TOTAL NET INCOME GENERATED $6.3B DISTRIBUTABLE EARNINGS $71B CAPITAL RAISED IN 2021 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. 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. Reconciliation of Net Income to Funds from Operations, Brookfield Infrastructure Partners L.P. Brookfield Infrastructure Partners is a "flow through" entity for US income tax purposes, and its income comes from holding companies the partnership owns. Funds From Operations (or FFO) of $1.7 billion for the year reflects a 19% increase compared to 2020. A filing with the Securities Exchange Commission shows thatBrookfield Infrastructure Debt Fund II has closed. Brookfield Infrastructure Fund III is a 2016 vintage infrastructure value added fund managed by Brookfield Asset Management. 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. Am I subject to Foreign Investment Real Property Tax Act (FIRPTA)? 1.1446(f)-4(b)(3)(ii)(A)(2). The following discussion is intended to provide a general explanation of the U.S., Canadian, European, and Australian tax treatment of holding Brookfield Infrastructure Partners units. Are units considered foreign property for the purposes of the Canada Revenue Agency T-1135 Form Foreign Income Verification Statement? Brookfield Asset Management is a global alternative asset manager with over USD $625 billion in assets under management (as of June 30, 2021). What is my Adjusted Cost Basis? Is Brookfield Infrastructure Partners a Specified Foreign Property? Why havent I received a K-1? Owning a unit of BIP LP does not provide you with a U.S. tax filing obligation. 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. Federal Exemption (s) and Exclusion (s) Claimed (select all that apply) 7. 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 . Brookfield Infrastructure Debt Fund II is an infrastructure debt fund managed by Brookfield Capital Partners. 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. A verification email is on its way to you. Brookfield Infrastructure Partners is not a tax shelter and therefore does not have an applicable TS number. Beneficial Canadian unitholders (i.e., those holding their units in street name with their brokerage) should receive a T5013 from their Canadian broker. 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. Why did I receive a Schedule K-1? Businesses that provide essential services and critical infrastructure to transmit and store data globally. 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. Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Law Firm search Computershare 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 Consolidated Statements of Financial Position, Brookfield Infrastructure Corporation Cliquez pour afficher le (s) numro (s) 06 68 96 30 . BOX 505000 Please also see a letter from counsel on this issue, as well as more detailed discussion on this new rule and its applicability to BIP units. Summit DigiTel is a portfolio of more than 150,000 communication towers that form the infrastructure backbone of Reliance Jios telecom business. Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? The capital was raised in less than 14 months and the fund has already committed capital to four seed assets. Why does the $CAD cash I received not equal the amount reflected on my T5013? 3233596, VAT No. G&W owns or leases116 freight railroads worldwide organized in locally managed operating regions with 7,300 employees serving over 3,000 customers. The firm last filed a Form D notice of exempt offering of securities on 2013-10-07. Consolidated Statements of Operating Results, Brookfield Infrastructure Partners L.P. To explore Brookfield Infrastructure Debt Fund IIs full profile, request access. 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. Inter Pipeline is a major petroleum transportation and natural gas liquids processing business based in Alberta, Canada. Brookfield Infrastructure Partners is not a corporation or a trust. The North American rail business is highly resilient with significant business segment diversification across 14 major commodity groups. The firm has already begun marketing the fund, which may exceed the . 1. 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. Brookfield Infrastructure Fund III is a closed private equity fund managed by Brookfield Infrastructure Partners . Get the full list, Morningstar Institutional Equity Research. A significant portion of Brookfield Infrastructure Partners income is Bermuda source dividend which is a fully taxable "ordinary dividend. Sec. Please also see a letter from counsel on this issue, as well as more detailed discussion on this new rule and its applicability to BIP units.. If you have any questions about Form T5013 you should contact your broker. RegisteredCanadian unitholders will receive a T5013 directly from Brookfield Infrastructure Partners. What Tax Form will I receive as an Australian Unitholder? Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? North America: 1-866-989-0311 Our goal is simple: to generate growth and attractive long-term risk-adjusted returns for our investors to serve their stakeholders, all while providing the highest level of service. 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. As a result of the special distribution from Brookfield Infrastructure Partners L.P. in 2020, I received class A shares of Brookfield Infrastructure Corporation. When will I (non-registered unitholder) receive my Tax Form (T5013)? Brookfield began marketing the fund in January. 2016 Vintage USD 14,000m Size Buy and sell stakes in Brookfield Infrastructure Fund III Access a unique secondary deal flow. Brookfield Infrastructure Partners is a flow through entity for Canadian income tax purposes, and its income comes from holding companies the partnership owns. 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. Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. Consequently, holders of Brookfield Infrastructure Partners units are advised to consult their own tax advisors with respect to their particular circumstances. Reg. The source said it had exceeded its US$1.75bn fundraising target and was more than three times larger than its debt fund, which closed with US$885m at the end of 2017. Priodes d'ouverture. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. 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. Clos de Danjean. Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. The data segmentgenerated FFO of $238 million in 2021, an increase of 21%. 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 . 83870 Signes. We cannot send a replacement form to a non-registered unitholder. In Canada, Brookfield Infrastructure Partners is a qualified investment for registered retirement savings plans, deferred profit-sharing plans, registered retirement income funds, registered education savings plans, registered disability savings plans and tax-free savings accounts. Conference Call and Quarterly Earnings Details. Is Brookfield Infrastructure Partners a Limited Partnership, Corporation or Trust? Consolidated Statements of Financial Position, Brookfield Infrastructure Partners L.P. Computershare At present, these holdings companies are either in Canada, US or Bermuda, and we do not expect this to change for the foreseeable future. In limited cases the information provided to us may be incomplete and/or inaccurate. Payments from holding companies in the US to a Canadian resident such as dividends may be subject to withholding taxes. Brookfield Infrastructure Corporation Is this special distribution taxable for U.S. federal income tax purposes? Box 135 shows the country code for source of foreign income. NTSs high-quality pipeline covers more than 2,000 kilometers, crossing the densely populated states of So Paulo, Rio de Janeiro and Minas Gerais. North America: 1-866-989-0311. Investors, analysts and other interested parties can access Brookfield Infrastructures 2021 Year-End Results as well as the Letter to Unitholders and Supplemental Information on Brookfield Infrastructures website under the Investor Relations section at www.brookfield.com/infrastructure. 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. Historically, our partnerships income has included Canadian and US source interest and dividends earned from subsidiaries that, when paid to an Australian unitholder, are subject to varying rates of U.S. and Canadian withholding taxes ranging from nil to 30%.
Kaling International Website,
Little Badger Accessories Canada,
Anne Dennis Ragsdale Summitt,
Articles B