GlobeNewswire·Oct 9, 2026, 7:05 PM ET

Brookfield Infrastructure Corporation Announces New Date for Meeting on Proposed Corporate Simplification

BIP BIPC

Brookfield Infrastructure Corporation (BIPC) has adjourned its special shareholder meeting regarding the proposed corporate structure simplification to October 29, 2026.
The new meeting will be held virtually at 10:00 a.m. EDT, with the shareholder record date remaining August 21, 2026.
The updated proxy voting deadline for registered shareholders is 5:00 p.m. EDT on October 27, 2026.
Brookfield Infrastructure Partners L.P. (BIP) unitholder meeting will proceed as scheduled on October 14, 2026, at 9:00 a.m. EDT.
Both BIPC & BIP boards unanimously approved the simplification, which combines the entities into a single corporation named Brookfield Infrastructure Partners Inc. ("BIP Inc.").
Proxy advisory firms Glass Lewis & ISS have recommended voting in favor of the simplification.
Benefits of the simplified structure include improved trading liquidity, increased index demand, stronger alignment with long-term capital trends, simplified investor analysis, broader investor access, enhanced governance, & elimination of partnership tax reporting forms for BIP unitholders.
The transaction is expected to be tax-deferred for Canadian & U.S. investors with no meaningful cost to the business.
A final court hearing to approve the simplification is expected around November 3, 2026, with completion anticipated in the fourth quarter of 2026.
Laurel Hill Advisory Group serves as the proxy solicitation agent for voting assistance.
BIP received exemptive relief from the Ontario Securities Commission to avoid requiring further approval for future issuances of BIP Inc. Class A Shares upon simplification approval.