Brookfield Announces Simplification Update
Brookfield Infrastructure has received all required approvals for a restructuring that will combine two existing entities into a single structure, with completion expected on November 19.
A spokesperson said, “Brookfield Infrastructure today announced that it has received all required approvals to complete the previously announced simplification of its corporate structure, which will combine Brookfield Infrastructure Partners L.P. [BIP] and Brookfield Infrastructure Corporation into a single structure.
“The Simplification is expected to close on November 19, 2026. Upon closing, existing securityholders will automatically receive class A subordinate voting shares [Class A Shares] of Brookfield Infrastructure Partners Inc. [BIP Inc.] on a one-for-one basis.
“In light of the expected closing, Brookfield Infrastructure is not declaring a distribution or dividend for the fourth quarter of 2026 at this time. Following closing, and subject to approval by its Board of Directors, BIP Inc. intends to declare and pay the fourth quarter dividend on the BIP Inc. Class A Shares in an amount consistent with BIP’s current quarterly distribution of US$0.455 per unit. BIP Inc. also intends to assume BIP’s existing normal course issuer bid following closing, subject to acceptance by the Toronto Stock Exchange [the TSX].
“In connection with the Simplification, BIP’s distribution reinvestment plan will be terminated effective November 5, 2026. The final distribution of BIP units under the plan was made in respect of BIP’s distribution paid on September 29, 2026 to unitholders of record as of August 31, 2026. Upon closing, participants will receive one Class A Share for each BIP unit held in the plan. BIP Inc. expects to adopt a dividend reinvestment plan for the BIP Inc. Class A Shares that is substantially similar to BIP’s plan. Registered unitholders who currently participate in BIP’s plan will be required to confirm their enrollment in the BIP Inc. plan by May 19, 2027, and non-registered holders should contact their broker or other intermediary.
“The BIP Inc. Class A Shares are expected to commence trading on the New York Stock Exchange [the NYSE] and the TSX under the symbol “BIP” on or about November 23, 2026. BIP’s preferred units and the preferred units of Brookfield Infrastructure L.P. will remain listed and continue to trade under their existing symbols.”
