Am I subject to U.S. tax withholding under IRC Section 1446(f) on the disposition of Brookfield Infrastructure Partner units? The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. Box 135 shows the country code for source of foreign income. 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. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. This step-change increase reflects the acquisition of IPL, which was completed in the fourth quarter. Brookfield Infrastructure Partners L.P. will not be issuing any Australian tax forms. For more information, go to www.brookfield.com. 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 Infrastructure Fund Ii-a is based out of New York. Louisville, KY 40202, Toll-Free:(877) 243-3717 Sign up to receive emails from IREI. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. A filing with the Securities Exchange Commission shows that Brookfield Infrastructure Debt Fund II has closed. A verification email is on its way to you. Please note that we are required to issue K-1 forms to all U.S. unitholders, regardless if their units are held in a tax deferred account such as an IRA. Computershare Is the distribution I am paid from Brookfield Infrastructure Partners subject to Withholding Tax? Last years results included our U.K. smart meter portfolio which was divested earlier this year. Federal Exemption (s) and Exclusion (s) Claimed (select all that apply) 7. Tel:416-956-5129 Forward-looking statements in this news release include statements regarding the impact of the market price of BIPs units and the combined business performance of our company and BIP as a whole on the market price of the Shares. I am a Canadian resident. For overseas calls please dial +1-409-216-0834, at approximately 8:50 a.m. Eastern Time. Our business generated FFO of $436million for the year, representing a 9% increase compared to the prior year. Please check your spam or junk folder just in case. Brookfield began marketing the fund in January. Additionally, 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. The conference call can be accessed via webcast on February 2, 2022 at 9:00 a.m. Eastern Time at https://edge.media-server.com/mmc/p/ro7wn5n6 or via teleconference at 1-866-688-9459 toll free in North America. The Baron Real Estate Income Fund received 4 . Why dont I receive the full distribution amount? Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. The income Brookfield Infrastructure Partners earns from underlying subsidiaries includes dividends and interest paid by subsidiaries in jurisdictions that levy withholding tax. Ouvert Tous les jours. USA identifies the source of the income as United States. They include US$27m loan issued to Polaris Infrastructure, a Toronto-based operator and developer of renewable energy projects in Latin America, and a debt facility for Vivint Solar, a provider of residential solar power in the US. The rate of withholding varies, amongst other factors, depending on the type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners L.P.s transfer agent in the case of registered unitholders) with the appropriate Canada Revenue Agency ("CRA") form (Form NR301, NR302, and NR303). These positive factors were partially offset by an increase infuture U.K. tax rates, which led to the recognition of a non-recurring deferred tax expense during the year. Reg. Infrastructure | Brookfield If you are a U.S. unitholder and did not receive your Schedule K-1 for the previous taxation year please contact us at (866) 949-2771 or atwww.taxpackagesupport.com/brookfield. The fund is located in Toronto, Canada and will invest in North and South America, Europe and Australasia. OPERATIONAL TELECOM TOWERS AND ACTIVE ROOFTOP SITES. What Tax Form will I receive as a Canadian Unitholder? Is the UK government underestimating public outrage on sewage spills? Brookfield Infrastructure Partners is not a corporation or a trust. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. 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. A lower-risk core infrastructure strategy should deliver a consistent cash yield with attractive risk-adjusted returnsregardless of economic cycles. For all Brookfield Infrastructure Partners L.P. investor enquiries please call our Unitholder Enquiries Line: bip.enquiries@brookfield.com Receipt of a Schedule K-1 does not trigger a U.S. tax return filing obligation or indicate that one is required. 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. or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its . The fund prefers to make impact investments in infrastructure. PDF BMO Brookfield Global RenewablesInfrastructure Fund (the "Fund") After the end of Brookfield Infrastructure Partners' taxation year (December 31), the U.S. taxable income of Brookfield Infrastructure Partners is determined and allocated to all unitholders that are in turn required to report such income on their respective tax returns. Is this special distribution taxable for Canadian federal income tax purposes? Win whats next. 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. While Brookfield Infrastructure Partners is a Bermuda partnership, its income comes from holding companies the partnership owns. Please select the NAICS code you deem most appropriate. No. Click here to register, Not for publication, email or dissemination, AIMCo toasts conventional and renewable energy after 16.8% return, Driving sustainability: Bio-based innovations for roads, I Squared rainmaker Andreas Moon resigns exclusive, Q1 fundraising its not closing time yet, Whats the benefit to us? Alaska Permanent Fund questions GPs clubbing on deals, OMERS global infra chief Annesley Wallace to depart. Assets that handle the movement and storage of commodities from a source of supply to a demand (). If your units are held in an IRA, you generally do not need to report the amounts on your K-1 and you should keep your K-1 for your records. Infrastructure Fund (the "Fund") For the period from February 25, 2022 (the performance launch date) to September 30, 2022 (the "Period") . BROOKFIELD, NEWS, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced its results for the fourth quarter ended December 31, 2021. What is the tax cost of my units? As a result of the special distribution from Brookfield Infrastructure Partners L.P. in 2020, I received class A shares of Brookfield Infrastructure Corporation. Il existe aussi des colonnes ariennes, semi-enterres ou enterres installes sur la voie publique. Our highly contracted data transmission and storage businesses have also benefited from inflation indexation and higher rates across the portfolio. We are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. This broadly means Brookfield Infrastructure Partners L.P. is treated as a company for Australian income tax purposes. Description. Previously issued notices can be found in the Qualified Notices section below. Sec. The fund targets the renewable energy sector. A significant portion of Brookfield Infrastructure Partners income is Bermuda source dividend which is a fully taxable "ordinary dividend. Win whats next. The future performance and prospects of Brookfield Infrastructure are subject to a number of known and unknown risks and uncertainties. The capital was raised in less than 14 months and the fund has already committed capital to four seed assets. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. The NAICS codes should have no impact on the computation of your taxes. The same fair market value at the time of the special distribution of the class A shares received is your adjusted cost base. By clicking on I accept, you consent to our Privacy Policy. Email:bip.enquiries@brookfield.com, Evolving to offer the best of both worlds. 1.1446(f)-4(b)(3)(iii) as applicable. Homepage | Brookfield Infrastructure Partners The Statements of Funds from Operations per unit above are prepared on a basis that is consistent with the Partnerships Supplemental Information and differs from net income per limited partnership unit as presented in Brookfield Infrastructures Consolidated Statements of Operating Results on page 6 of this release, which is prepared in accordance with IFRS. 2021 results also reflect the acquisition of an additional interest in our Brazilian regulated gas transmission operation completed in April. G&W owns or leases116 freight railroads worldwide organized in locally managed operating regions with 7,300 employees serving over 3,000 customers. 1.1446(f)-4(b)(3)(ii)(A)(2). What does box 135 signify? Brookfield Infrastructure Partners is not a tax shelter and therefore does not have an applicable TS number. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $690 billion of assets under management. Consolidated Statements of Financial Position, Brookfield Infrastructure Partners L.P. Brookfield has collected more than $1.8 billion for its second infrastructure debt fund, a recent SEC filing shows. Sec. 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. 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. The rate of withholding varies, amongst other factors, depending on the type of ownership account, and whether holders have provided their broker (or Brookfield Infrastructure Partners L.P.s transfer agent in the case of registered unitholders) with the appropriate Internal Revenue Service (IRS) Form (Form W-8BEN, W-8BEN-E, W-8-ECI, W-8EXP, W-8IMY or W-9). The firm last filed a Form D notice of exempt offering of securities on 2013-10-07. Computershare Payments from holding companies in Canada and Bermuda to a Canadian resident are not subject to withholding tax. Has Brookfield Infrastructure Partners generated or is it expected to generate Effectively Connected Income (ECI) or Commercial Activity income? The source of funds for the distributions will also affect how much, if any, of the distributions are subject to withholding tax. Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Brookfield Infrastructure Fund III is a 2016 vintage infrastructure value added fund managed by Brookfield Asset Management. Sec. This first season will explore our decades-long commitment to renewable energy, and how we're investing through the world's largest private fund dedicated to facilitating a net-zero economy. Generally, our unitholders own their units in "nominee form" through brokers (also known as "beneficial" holders). Click here. BOARD OF DIRECTORS CHARTER . In Canada, Brookfield Infrastructure Partners is a qualified investment for registered retirement savings plans, deferred profit-sharing plans, registered retirement income funds, registered education savings plans, registered disability savings plans and tax-free savings accounts. 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). Brookfield Infrastructure Partners L.P. (Brookfield Infrastructure Partners) is a Bermuda based limited partnership that is treated as a partnership for Canadian tax purposes. 1.1446(f)-4(b)(3)(ii)(A)(2). Typically, brokers will prepare and distribute the Form T5013 in late March. Comparative period financial results included a full year of earnings from our U.K. smart meter portfolio and North American district energy platform, both of which we sold inthe first half of 2021. Organic growth for the year of 9% reflected the initial benefits of elevated inflation levels, the commissioning of nearly $900 million in new capital projects over the last year, and higher market-sensitive revenues driven primarily by increased demand for transportation services. Brookfield Raises Record $15 Billion For Inaugural Global Transition Fund Infrastructure Investor 100 Global Investor 50 2022 LP Perspectives 2023 Fundraising Direct Investment Regulation Debt Transport ESG Europe Asia-Pacific News & Analysis Fundraising Investors Deals People Rankings & Reports Rankings Infrastructure Debt 30 Infrastructure Investor 100 Global Investor 50 Global Investor 50: 2021
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