On December 24, 2024, Brookfield Infrastructure L.P. executed an Eleventh Amendment to its Amended and Restated Limited Partnership Agreement. This amendment was made in connection with the completed plan of arrangement for Brookfield Infrastructure Holdings Corporation (BIPC Holdings).
The amendment reflects the addition of New BIPC (Brookfield Infrastructure Corporation) as a Service Recipient within the partnership's framework. This ensures that the legal and operational definitions align with the new corporate structure resulting from the reorganization.
The Class A Shares of New BIPC are structured to provide holders with an economic return equivalent to the limited partnership units of BIP, including identical distributions, and are exchangeable for BIP Units on a one-for-one basis.
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