GlobeNewswire·Nov 5, 2026, 5:50 PM ET

Brookfield Infrastructure Announces Update on Simplification

Brookfield Infrastructure received all required approvals to simplify its corporate structure by combining Brookfield Infrastructure Partners L.P. and Brookfield Infrastructure Corporation into a single entity.
The Simplification is expected to close on November 19, 2026, at which point existing securityholders will automatically receive one Class A subordinate voting share of Brookfield Infrastructure Partners Inc. for each unit held.
No fourth quarter 2026 distribution or dividend is being declared at this time; BIP Inc. intends to pay a Q4 dividend of US$0.455 per share following closing, subject to Board approval.
BIP Inc. plans to assume BIP's existing normal course issuer bid after closing, pending acceptance by the Toronto Stock Exchange.
The BIP distribution reinvestment plan terminates effective November 5, 2026, with participants receiving one Class A Share for each unit held in the plan as of the closing.
BIP Inc. expects to launch a substantially similar dividend reinvestment plan, requiring registered unitholders to confirm enrollment by May 19, 2027.
BIP Inc. Class A Shares are expected to commence trading on the NYSE & TSX under the symbol "BIP" on or about November 23, 2026.
BIP's preferred units & preferred units of Brookfield Infrastructure L.P. will continue to trade under their existing symbols.