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 closes second debt fund on $2.7bn, Best Practice in Infrastructure Asset Management, Managing Risk in Infrastructure Investments, Infrastructure Investor Global Summit 2023. BIF IV closes at $20bn becoming Brookfield's largest fund ever Brookfield Infrastructure Partners does not have a Quebec number because it is non-resident of Quebec. 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 does not have sufficient information to track the tax cost of units for each individual holder. 462 South 4th Street, Suite 1600 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. Payments from holding companies in Canada and Bermuda to a Canadian resident are not subject to withholding tax. In the U.S., units of Brookfield Infrastructure Partners qualify for IRA and 401(k) accounts. 2021 Highlights $12.4B TOTAL NET INCOME GENERATED $6.3B DISTRIBUTABLE EARNINGS $71B CAPITAL RAISED IN 2021 The fund prefers to make impact investments in infrastructure. Payments from holding companies in Canada to a US resident such as dividends may be subject to withholding taxes. 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. Brookfield Infrastructure Partners is not a corporation or a trust. 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. Brookfield Asset Management Inc. is a global alternative asset manager with over US$175 . Results benefited from strong organic growth driven by volume increases, inflationary tariff increases and a full year contribution from our U.S. LNG export terminal. Brookfield Infrastructure Debt Fund II nears $2b | News | Institutional Brookfield Infrastructure Fund IV-A, L.P. Profile - SEDAR PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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. Sec. Can you send a replacement form? Consolidated Statements of Operating Results, Brookfield Infrastructure Partners L.P. 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. Brookfield Infrastructure Debt Fund II is an infrastructure debt fund managed by Brookfield Capital Partners. Brookfield Asset Management has raised US$2.7bn (2.19bn) for its second infrastructure debt fund, according to a source close to the matter. Type of Filing 8. 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. On Jun 13, 2022, there was a 3 for 2 share split in the shares of Brookfield Infrastructure Corporation. Brookfield Infrastructure Partners U.S. operations are carried out through U.S. resident corporate subsidiaries. 2023 PitchBook. 5 Place du March A. Rousset. 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. What is my Adjusted Cost Base? 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. Industry Group 5. Brookfield began marketing the fund in January. 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 FUND II-A, L.P. Top 13F Holdings 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. What is Brookfield Infrastructure Partners Quebec Tax ID Number? Get started Learn more Already a member? Infrastructure | Brookfield Insights; Podcasts; Newsroom; Footer menu. BROOKFIELD, NEWS, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) today announced the closing of its growth fund, Brookfield Technology Partners II ("BTP II" or the "Fund"), with total equity commitments exceeding $500 million.. Brookfield Growth provides strategic capital to high-growth companies that operate at the intersection of technology and . Altitude : 350 m. Cliquez pour afficher le (s) numro (s) 04 94 90 88 . 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. BrookfieldGlobal Asset Management - Invested in long-term value Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Sec. Who applies the withholding tax? For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas. To read this full article you need to be subscribed to Newsline. North America: 1-866-989-0311. Assets that handle the movement and storage of commodities from a source of supply to a demand (). 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 . The firm last filed a Form D notice of exempt offering of securities on 2013-10-07. 83870 Signes. Who will send my Tax Form and when will I receive it (K-1)? BOX 505000 Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. 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. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. My tax software requires that I insert a six-digit Tax Shelter (TS) number. The NAICS codes should have no impact on the computation of your taxes. The Baron Real Estate Income Fund received 4 . Duration of Offering Does the Issuer intend this offering to last more than one year? FFO for the midstream segment totaled $492 million in 2021, an increase of approximately $200 million, or 70%, compared to the prior year. For Canadian residents, the tax cost of units is determined in Canadian dollars so all three components should be determined in Canadian dollars. 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. FFO growth on a same-store basis was 11%. Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? We own and operate assets across the transport, data, utilities and midstream sectors with a focus on cash flow stability and resilience. The filing notes that the amount raised includes separate accounts that invest alongside the fund and commitments from the sponsor that may be satisfied through or alongside the fund. 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). Given the economic equivalence, we expect that the market price of the Shares will be significantly impacted by the market price of BIPs units and the combined business performance of our company and BIP as a whole. Our highly contracted data transmission and storage businesses have also benefited from inflation indexation and higher rates across the portfolio. Typically, brokers will prepare and distribute the Form T5013 in late March. Historically, our partnerships income has included Canadian and US source interest and dividends earned from subsidiaries that, when paid to a European unitholder, are subject to varying rates of U.S. and Canadian withholding taxes ranging from nil to 30%. A verification email is on its way to you. Brookfield Infrastructure Fund II is a 2013 vintage infrastructure core fund managed by Brookfield Asset Management. 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. References to Brookfield Infrastructure are to the Partnership together with its subsidiaries and operating entities. Brookfield Asset Management is seeking to raise $25 billion for its fifth flagship infrastructure fund, its largest on record. Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . This distribution represents a 6% increase compared to the prior year. The fund prefers to make impact investments in infrastructure. Current year results also benefited from a gain associated with the sale of our smart meter portfolio in the U.K. I owned units of Brookfield Infrastructure Partners L.P. prior to the formation of Brookfield Infrastructure Corporation. Brookfield Infrastructure Fund II - PitchBook Data We expect to provide Schedule K-1 tax information via our online portal by mid-February and to have those forms mailed to our U.S. unitholders by the end of March. Because the withholding tax process is administered by the brokerage community rather than us, taxes withheld are only reported on Forms 1099-INT and 1099-DIV (and not on Schedule K-1). Bar des chasseurs - Provence-Alpes-Cte d'Azur Tourisme USA identifies the source of the income as United States. For Australian income tax purposes, Brookfield Infrastructure Partners L.P. is treated as a corporation (i.e, not a "flow-through") and consequently distributions are expected to be unfranked dividends to Australian tax resident unitholders. Owning a unit of BIP LP does not provide you with a U.S. tax filing obligation. 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. Brookfield Closes Growth Fund with Over $500 Million In Committed Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? Global: 1-416-363-9491. Consolidated Statements of Financial Position, Brookfield Infrastructure Corporation Sign up to receive emails from IREI. Please contact your broker directly with questions on this form. 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. Private Funds; Public Securities; Financial Advisors. 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. Instead, Brookfield Infrastructure Partners receives various types of passive investment income, such as interest, dividends and return of capital, from subsidiary corporations that carry on business in various jurisdictions. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. The North American rail business is highly resilient with significant business segment diversification across 14 major commodity groups. Sec. Sec Form D/A Does Brookfield Infrastructure Partners generate any Unrelated Business Taxable Income (UBTI)? Brookfield Infrastructure Fund III Profile: Returns & Limited Partners Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? Last week, rival firm Global Infrastructure Partners announced it had raised U$2.8bn for two infrastructure debt funds. For U.S. 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 taxable income allocated to the unitholder, minus the cash distributions received. I owned units of Brookfield Infrastructure Partners L.P. prior to the formation of Brookfield Infrastructure Corporation. Previously issued notices can be found in the Qualified Notices section below. The firm has already begun marketing the fund, which may exceed the . On Jun 13, 2022, there was a 3 for 2 share split in the shares of Brookfield Infrastructure Corporation. Evolving to offer the best of both worlds. enquiries@brookfield.com North America: 1-866-989-0311 Global: 1-416-363-9491 Transfer Agent For enquiries regarding unit transfers, changes of address, distribution cheques and lost unit certificates, please contact: Computershare Preferred Instruments | Brookfield Infrastructure Partners Is Brookfield Infrastructure Partners eligible for Tax-Deferred Plans? RegisteredCanadian unitholders will receive a T5013 directly from Brookfield Infrastructure Partners. Tel:416-956-5129 P.O. Brookfield Infrastructure Partners is not considered a PFIC or CFC for U.S. tax purposes. BMO Brookfield Global Renewables Infrastructure Fund second quarter of 2022. 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. Businesses that provide essential services and critical infrastructure to transmit and store data (). Sign in or Register Sign In / Register Database LP search GP search Fund search Investment Consultant search Placement Agent search Law Firm search 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. Inter Pipeline is a strategic long-haul pipeline network with interests in petrochemical facilities and bulk storage assets. Louisville, KY 40202, Toll-Free:(877) 243-3717 Brookfield Infrastructure Partners is not a corporation or a trust. Global:1-416-363-9491. Contact Information Fund Manager Brookfield Capital Partners Fund Category Private Debt Is the UK government underestimating public outrage on sewage spills? 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. 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. 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. The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. Management uses funds from operations per unit (FFO per unit) as a key measure to evaluate operating performance. 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. 1.1446(f)-4(b)(3)(iii) as applicable. million electricity and natural gas connections, Here's What Can Provide Fillip to India's Infrastructure Privatisation Effort, Intel Signs $30 Billion Funding Partnership With Brookfield to Finance Chip-Factory Expansion, Brookfield Takes Impact Investing to the Infrastructure Mainstream, Critical First- and Last-Mile Rail Connections, A Leader in Data Center Infrastructure in Latin America, Connecting U.K. Homes to the Utility Grid, Owning and Operating Energy Infrastructure in Western Canada, An Integrated Logistics Provider in Brazil, A Leading Independent Communications Infrastructure Business, A Natural Gas Pipeline Accounting for More Than Half of Brazils Natural Gas Demand, Operating Large-Scale Container Terminals Out of Four Key Ports, Evolving to offer the best of both worlds. Previously issued notices can be found in the Qualified Notices section below. Brookfield Infrastructure Partners has issued qualified notices in accordance with Treas.