Sec Form 13D Filing - Brookfield Corp filing for Brookfield Infrastructure Corp (BIPC) - 2020-07-30

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D/A

(Amendment No. 1)

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

Brookfield Infrastructure Corporation

(Name of Issuer)

class A exchangeable subordinate voting shares, no par value

(Title of Class of Securities)

11275Q107

(CUSIP Number)

Justin B. Beber

Brookfield Asset Management Inc.

Brookfield Place

181 Bay Street, Suite 300

Toronto, Ontario M5J 2T3

(416) 363-9491

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 29, 2020

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BROOKFIELD ASSET MANAGEMENT INC.

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

   1,000,000

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

  SOLE DISPOSITIVE POWER

 

   1,000,000

  10     

  SHARED DISPOSITIVE POWER

 

   7,675,193

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   8,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   19.3%(1)(2)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(1)

Percentage ownership is based on an aggregate number of outstanding class A exchangeable voting shares (the “Class A Shares”) of the Issuer of 45,018,921 as of July 17, 2020.

(2)

Brookfield Infrastructure Partners L.P. beneficially owns all of the issued and outstanding class B multiple voting shares of the Issuer, which represent a 75% voting interest in the Issuer. Together, Brookfield Asset Management Inc. and Brookfield Infrastructure Partners L.P. hold an approximate 79.8% voting interest in the Issuer.

 

- 2 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   PARTNERS VALUE INVESTMENTS LP

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

   84,887(3)

  8     

  SHARED VOTING POWER

 

  0

  9     

  SOLE DISPOSITIVE POWER

 

   84,887(3)

  10     

  SHARED DISPOSITIVE POWER

 

  0

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   84,887(3)

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   0.2%(4)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(3)

Partners Value Investments LP has sole voting and dispositive power through its 100% owned subsidiary, Partners Value Investments Inc.

(4)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 3 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   PARTNERS LIMITED

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

   4,233

  8     

  SHARED VOTING POWER

 

   8,760,080(5)

  9     

  SOLE DISPOSITIVE POWER

 

   4,233

  10     

  SHARED DISPOSITIVE POWER

 

     8,760,080(5)

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   8,764,313

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   19.5%(6)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(5)

Includes 8,675,193 Class A Shares beneficially owned by Brookfield Asset Management Inc. and 84,887 Class A Shares beneficially owned by Partners Value Investments LP.

(6)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 4 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BIPC HOLDING LP

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

  SOLE DISPOSITIVE POWER

 

   0

  10     

  SHARED DISPOSITIVE POWER

 

     7,675,193

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   7,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   17.0%(7)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(7)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 5 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BIPC GP HOLDINGS INC.

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

0; SOLE DISPOSITIVE POWER

 

   0

  10     

  SHARED DISPOSITIVE POWER

 

     7,675,193

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   7,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   17.0%(8)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(8)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 6 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BIG HOLDINGS L.P.

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  MANITOBA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

  SOLE DISPOSITIVE POWER

 

   0< /p>

  10     

  SHARED DISPOSITIVE POWER

 

     7,675,193

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   7,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   17.0%(9)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(9)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 7 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BROOKFIELD INFRASTRUCTURE GROUP LIMITED

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

  SOLE DISPOSITIVE POWER

 

   0

  10     

  SHARED DISPOSITIVE POWER

 

     7,675,193

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   7,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   17.0%(10)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(10)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 8 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BAM INFRASTRUCTURE GROUP L.P.

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  MANITOBA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

  SOLE DISPOSITIVE POWER

 

  0

  10     

  SHARED DISPOSITIVE POWER

 

   7,675,193

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   7,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   17.0%(11)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(11)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 9 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

  BAM LIMITED

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  ONTARIO

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

   7,675,193

  9     

  SOLE DISPOSITIVE POWER

 

  0

  10     

  SHARED DISPOSITIVE POWER

 

   7,675,193< /p>

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

   7,675,193

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

   17.0%(12)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

(12)

Percentage ownership is based on an aggregate number of outstanding Class A Shares of the Issuer of 45,018,921 as of July 17, 2020.

 

- 10 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

   BROOKFIELD INFRASTRUCTURE GROUP BERMUDA LIMITED

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BERMUDA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

  0

  9     

  SOLE DISPOSITIVE POWER

 

  0

  10     

  SHARED DISPOSITIVE POWER

 

  0

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  0

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  0%

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

- 11 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

  BROOKFIELD INFRASTRUCTURE PARTNERS LIMITED

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BERMUDA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

  0

  9     

  SOLE DISPOSITIVE POWER

 

  0

  10     

  SHARED DISPOSITIVE POWER

 

  0

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  0

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  0%

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  CO

 

- 12 -


CUSIP No. 11275Q107

 

  1  

 

   NAMES OF REPORTING PERSONS

 

  BROOKFIELD INFRASTRUCTURE PARTNERS L.P.

  2  

 

   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☐

 

  3  

 

  SEC USE ONLY

 

  4    

   SOURCE OF FUNDS (SEE INSTRUCTIONS)

 

  OO

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)

 

  ☐

  6  

 

   CITIZENSHIP OR PLACE OF ORGANIZATION

 

  BERMUDA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

    7     

   SOLE VOTING POWER

 

  0

  8     

  SHARED VOTING POWER

 

  0

  9     

  SOLE DISPOSITIVE POWER

 

  0

  10     

  SHARED DISPOSITIVE POWER

 

  0

11  

 

   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  0

12  

 

   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

  ☐

13  

 

   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  0%(13)

14  

 

   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

  PN

 

(13)

Brookfield Infrastructure Partners L.P. beneficially owns all of the issued and outstanding class B multiple voting shares of the Issuer, which represent a 75% voting interest in the Issuer. Together, Brookfield Asset Management Inc. and Brookfield Infrastructure Partners L.P. hold an approximate 79.8% voting interest in the Issuer.

 

- 13 -


Explanatory Note

This Amendment No. 1 (this “Amendment No. 1”) to Schedule 13D is being filed to reflect the closing on July 29, 2020 of the previously announced secondary equity offering in Canada (the “Canadian Offering”) of class A exchangeable subordinate voting shares, no par value (“Class A Shares”) of Brookfield Infrastructure Corporation (the “Issuer”) by BIPC Holding LP (“BIPC Holding”), a wholly-owned subsidiary of Brookfield Asset Management Inc. (“Brookfield”).

Information and defined terms reported in the original Schedule 13D remain in effect except to the extent that it is amended or superseded by information or defined terms contained in this Amendment No. 1.

Item 2. Identity and Background.

Item 2 of the original Schedule 13D is hereby amended and supplemented as follows:

Schedules I to V hereto set forth an updated list of all the directors and executive officers (to be included as Scheduled Persons), and their respective principal occupations and addresses, of BIGL, BAM Limited, Brookfield, PVI Management Inc., the general partner of Value Investments, and Partners, respectively.

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 of the original Schedule 13D is hereby supplemented as follows:

In connection with the Canadian Offering, on July 22, 2020, BIPC Holding and the Issuer entered into an Underwriting Agreement (the “Underwriting Agreement”) with BIP and the underwriters party thereto (the “Underwriters”), pursuant to which BIPC Holding agreed to sell 4,418,000 Class A Shares to the Underwriters for an aggregate gross purchase price of CAD$275,020,500, or CAD$62.25 per Class A Share. In addition, BIPC Holding granted the Underwriters an option to purchase an additional 662,700 Class A Shares (the “Option Shares”) at the same price as the sales made in the Canadian Offering. The Underwriters exercised the option to purchase the Option Shares in full on July 23, 2020. The Canadian Offering closed on July 29, 2020.

The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is incorporated herein by reference as Exhibit 99.6.

Item 4. Purpose of Transaction.

Item 4 of the original Schedule 13D is hereby supplemented as follows:

The information set forth in Item 3 of Amendment No. 1 is hereby incorporated by reference.

Item 5. Interest in Securities of the Issuer.

Item 5(a)-(c) of the original Schedule 13D is hereby amended as follows:

 

(a)-(b)

The aggregate number and percentage of Class A Shares of the Issuer held by the Reporting Persons to which this Schedule 13D relates is 8,764,313 shares, constituting approximately 19.5% of the Issuer’s currently outstanding Class A Shares. The percentage of Class A Shares of the Issuer is based on an aggregate number of Class A Shares of the Issuer of 45,018,921 outstanding as of July 17, 2020.

 

(i)

Brookfield

 

  (a)

Brookfield may be deemed the beneficial owner of 8,675,193 Class A Shares, constituting a percentage of approximately 19.3%.

 

  (b)

Sole voting power to vote or direct vote: 1,000,000 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 1,000,000 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

(ii)

Value Investments*

 

  (a)

Partners may be deemed the beneficial owner of 84,887 Class A Shares, constituting a percentage of approximately 0.2%

 

  (b)

Sole voting power to vote or direct vote: 84,887 Class A Shares

Shared voting power to vote or direct vote: 0 Class A Shares

Sole power to dispose or direct the disposition: 84,887 Class A Shares

Shared power to dispose or direct the disposition: 0 Class A Shares

 

*

Value Investments has sole voting and dispositive power through its 100% owned subsidiary, Partners Value Investments Inc.

 

(iii)

Partners

 

  (a)

Partners may be deemed the beneficial owner of 8,764,313 Class A Shares, constituting a percentage of approximately 19.5%

 

  (b)

Sole voting power to vote or direct vote: 4,233 Class A Shares

Shared voting power to vote or direct vote: 8,760,080 Class A Shares

Sole power to dispose or direct the disposition: 4,233 Class A Shares

Shared power to dispose or direct the disposition: 8,760,080 Class A Shares

 

- 14 -


(iv)

BIPC Holding

 

  (a)

BIPC Holding may be deemed the beneficial owner of 7,675,193 Class A Shares, constituting a percentage of approximately 17.0%

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

(v)

BIPC GP

 

  (a)

BIPC GP may be deemed the beneficial owner of 7,675,193 Class A Shares, constituting a percentage of approximately 17.0%

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

(vi)

BIP

 

  (a)

BIP does not beneficially own any Class A Shares

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 0 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 0 Class A Shares

 

(vii)

BIPL

 

  (a)

BIPL does not beneficially own any Class A Shares

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 0 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 0 Class A Shares

 

(viii)

BIGBL

 

  (a)

BIGBL does not beneficially own any Class A Shares

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 0 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 0 Class A Shares

 

(ix)

BIG Holdings

 

  (a)

BIG Holdings may be deemed the beneficial owner of 7,675,193 Class A Shares, constituting a percentage of approximately 17.0%

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

(x)

BIGL

 

  (a)

BIGL may be deemed the beneficial owner of 7,675,193 Class A Shares, constituting a percentage of approximately 17.0%

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

(xi)

BIG LP

 

  (a)

BIG LP may be deemed the beneficial owner of 7,675,193 Class A Shares, constituting a percentage of approximately 17.0 %

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

- 15 -


(xii)

BAM Limited

 

  (a)

BIG LP may be deemed the beneficial owner of 7,675,193 Class A Shares, constituting a percentage of approximately 17.0%

 

  (b)

Sole voting power to vote or direct vote: 0 Class A Shares

Shared voting power to vote or direct vote: 7,675,193 Class A Shares

Sole power to dispose or direct the disposition: 0 Class A Shares

Shared power to dispose or direct the disposition: 7,675,193 Class A Shares

 

(c)

Other than the transactions described in Item 3 of this Amendment No. 1, there have been no transactions by the Reporting Persons in the Class A Shares during the past 60 days.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

Item 6 of the original Schedule 13D is hereby amended and supplemented as follows:

The information set forth in Item 3 of Amendment No. 1 is hereby incorporated by reference.

Brookfield and BIP hold an approximate 79.8% voting interest in the Issuer (as of July 17, 2020), BIP may receive up to 45,018,921 Class A Shares (as of July 17, 2020) in accordance with the terms of the Class A Shares and Brookfield may receive up to 36,343,728 Class A Shares (as of July 17, 2020) in accordance with the terms of the Rights Agreement.

Item 7. Materials to Be Filed as Exhibits.

Item 7 of the original Schedule 13D is hereby amended and supplemented as follows:

Exhibit 99.6 - Underwriting Agreement, dated July 22, 2020, by and among BIPC Holding LP, Brookfield Infrastructure Corporation, Brookfield Infrastructure Partners L.P. and the underwriters party thereto.

 

- 16 -


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

July 30, 2020

    BROOKFIELD ASSET MANAGEMENT INC.
   

By:

 

/s/ Jessica Diab

     

Name: Jessica Diab

     

Title: Vice President

   

PARTNERS VALUE INVESTMENTS LP, by its general partner PVI MANAGEMENT INC.

   

By:

 

/s/ Leslie Yuen

     

Name: Leslie Yuen

     

Title: Director, Finance

   

PARTNERS LIMITED

   

By:

 

/s/ Brian Lawson

     

Name: Brian Lawson

     

Title: President

   

BIPC HOLDING LP, by its general partner BIPC GP HOLDINGS INC.

   

By:

 

/s/ James Rickert

     

Name: James Rickert

     

Title: Director

   

BIPC GP HOLDINGS INC.

   

By:

 

/s/ James Rickert

     

Name: James Rickert

     

Title: Director

   

BIG HOLDINGS L.P., by its general partner BROOKFIELD INFRASTRUCTURE GROUP LIMITED

   

By:

 

/s/ James Rickert

     

Name: James Rickert

     

Title: President

   

BROOKFIELD INFRASTRUCTURE GROUP LIMITED

   

By:

 

/s/ James Rickert

     

Name: James Rickert

     

Title: President

 

- 17 -


        

 

BAM INFRASTRUCTURE GROUP L.P., by its general partner BAM LIMITED

 

By:

 

/s/ Katayoon Sarpash

   

Name: Katayoon Sarpash

   

Title: Vice President and Secretary

 

BAM LIMITED

 

By:

 

/s/ Katayoon Sarpash

   

Name: Katayoon Sarpash

   

Title: Vice President and Secretary

 

BROOKFIELD INFRASTRUCTURE PARTNERS L.P.,

by its general partner BROOKFIELD INFRASTRUCTURE PARTNERS LIMITED

 

By:

 

/s/ Gregory McConnie

   

Name: Gregory McConnie

   

Title: Vice President

 

BROOKFIELD INFRASTRUCTURE PARTNERS LIMITED

 

By:

 

/s/ Gregory McConnie

   

Name: Gregory McConnie

   

Title: Vice President

 

BROOKFIELD INFRASTRUCTURE GROUP BERMUDA LIMITED

 

By:

 

/s/ Gregory McConnie

   

Name: Gregory McConnie

   

Title: Vice President

 

- 18 -


SCHEDULE I

BROOKFIELD INFRASTRUCTURE GROUP LIMITED

 

Name and Position of

Officer or Director

  

Principal Business

Address

  

Principal Occupation or

Employment

  

Citizenship

Aaron Kline, Director

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Director of Brookfield   

Canada

James Rickert, Director and President

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Director of Brookfield   

Canada

Mabel Wong, Director and Managing Director

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Managing Director of Brookfield   

Canada

Carl Ching, Senior Vice-President

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Senior Vice-President of Brookfield   

Canada

David Krant, Senior Vice-President

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Senior Vice-President of Brookfield   

Canada

Albert Lin, Secretary

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Vice-President of Brookfield   

Canada

Matthew Unruh, Senior Vice-President

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Senior Vice-President of Brookfield   

Canada

Daimeng Zhang, Director

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

   Director of Finance of Brookfield   

Canada

 

- 19 -


SCHEDULE II

BAM LIMITED

 

Name and Position of

Officer or Director

  

Principal Business

Address

  

Principal Occupation or

Employment

  

Citizenship

Thomas Douglas Corbett, Director   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Managing Director of Brookfield

  

Canada

Karly Dyck, Director   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Senior Vice-President of Brookfield

  

Canada

Aleksandar Novakovic, Director   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Managing Partner of Brookfield

  

Canada

Katayoon Sarpash, Director, Vice-President

and Secretary

  

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Senior Vice-President of Brookfield

  

Canada

Cam Ha, President   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Vice-President of Brookfield

  

Canada

Bowen Li, Vice-President   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Manager of Brookfield

  

Canada

Tim Wang, Vice-President   

181 Bay Street, Suite 300,

Toronto, Ontario M5J 2T3, Canada

  

Manager of Brookfield

  

Canada

 

- 20 -


SCHEDULE III

BROOKFIELD ASSET MANAGEMENT INC.

 

Name and Position of

Officer or Director

  

Principal Business

Address

  

Principal Occupation or

Employment

  

Citizenship

M. Elyse Allan, Director   

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Corporate Director    Canada and U.S.A.
Justin B. Beber, Managing Partner, Head of Corporate Strategy and Chief Legal Officer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Head of Corporate Strategy & Chief Legal Officer    Canada

Jeffrey M. Blidner,

Vice Chair

  

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Vice Chair, Brookfield    Canada
Angela F. Braly, Director   

832 Alverna Drive

Indianapolis, Indiana 46260

U.S.A.

   Corporate Director    U.S.A.
Jack L. Cockwell, Director   

51 Yonge Street, Suite 400

Toronto, Ontario

M5E 1J1, Canada

   Chair of Brookfield Partners Foundation    Canada
Marcel R. Coutu, Director   

Suite 1210

225 – 6th Ave. S.W.

Calgary, Alberta

T2P 1N2, Canada

   Corporate Director    Canada
Murilo Ferreira, Director   

Rua General

Venancio Flores, 50 Cob. 01

Leblon, Rio de Janeiro

RJ 22441-090

   Former Chief Executive Officer, Vale SA    Brazil
Janice Fukakusa, Director    43 The Kingsway, Toronto, Ontario, M8X 2S9, Canada    Corporate Director    Canada
J. Bruce Flatt, Director and Chief Executive Officer    One Canada Square, Level 25 Canary Wharf, London E14 5AA U.K.    Chief Executive Officer, Brookfield    Canada
Nicholas H. Goodman, Chief Financial Officer   

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Chief Financial Officer, Brookfield    United Kingdom

Maureen Kempston Darkes,

Director

   10 Avoca Avenue, Unit 1904, Toronto, Ontario M4T 2B7, Canada    Corporate Director    Canada

Brian W. Kingston,

Managing Partner, Chief Executive Officer Real Estate

   250 Vesey Street, 15th Floor, New York, NY 10281-1023, U.S.A.    Managing Partner, Chief Executive Officer Real Estate of Brookfield    Canada
Brian D. Lawson, Vice Chair    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair, Brookfield    Canada

 

- 21 -


Cyrus Madon, Managing Partner, Chief

Executive Officer Private Equity

   181 Bay Street, Suite300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer of Private Equity of Brookfield    Canada
Howard S. Marks, Director    333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071, U.S.A.    Deputy Chairman, Oaktree Capital Management Inc.    U.S.A.
Frank J. McKenna, Director   

TDCT Tower

161 Bay Street, 35th Floor

Toronto, Ontario

M5J 2T2, Canada

   Chair of Brookfield and Deputy Chair of TD Bank Group, Wholesale    Canada
Rafael Miranda, Director    C/Santiago de Compostela 100 28035 Madrid, Spain    Corporate Director    Spain

Craig Noble, Managing Partner, Chief

Executive Officer Alternative Investments

  

181 Bay Street, Suite 300

Toronto, Ontario

M5J 2T3, Canada

   Managing Partner, Chief Executive Officer Alternative Investments of Brookfield    Canada

Lori Pearson, Managing Partner and Chief

Operating Officer

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner and Chief Operating Officer of Brookfield    Canada

Samuel J.B. Pollock,

Managing Partner, Chief Executive Officer Infrastructure

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure of Brookfield    Canada

Lord Augustine Thomas O’Donnell,

Director

  

Frontier Economics, 71 High Holborn, London U.K.

WC1V 6DA

   Chairman of Frontier Economics Limited    United Kingdom
Ngee Huat Seek, Director   

501 Orchard Road, #08 — 01

Wheelock Place, Singapore 238880

   Chairman, Global Logistic Properties    Singapore

Sachin G. Shah, Managing Partner, Chief

Executive Officer Renewable Power

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Renewable Power of Brookfield    Canada
Diana L. Taylor, Director   

c/o Bloomberg, Philanthropies, 25

East 78th Street, New York, N.Y. 10075

   Corporate Director    U.S.A. and Canada

 

- 22 -


SCHEDULE IV

PVI MANAGEMENT INC.

 

Name and Position of

Officer or Director

  

Principal Business

Address

  

Principal

Occupation or

Employment

  

Citizenship

James L.R. Kelly, Director    Hwy. #26 West at 7th Line, P.O. Box 3394, Meaford, Ontario N4L 1A5    Corporate Director    Canada
Edward C. Kress, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Corporate Director    Canada

Brian D. Lawson, Director, President and

Chief Executive Officer

   181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair of Brookfield    Canada
Frank N.C. Lochan, Chairman and Director    15 Ennisclare Dr. E., Oakville, Ontario L6J 4N3    Corporate Director    Canada
Ralph J. Zarboni, Director    7357 Woodbine Ave., Suite 412 Markham, Ontario L3R 6L3    Corporate Director    Canada
Leslie Yuen, Director, Finance    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice President of Brookfield    Canada
Loretta Corso, Corporate Secretary    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Corporate Secretarial Administrator of Brookfield    Canada
Bryan Sinclair, Senior Associate    333 Bay Street, Suite 1610, Toronto, Ontario M5H 2R2    Vice President, Trisura Group Ltd.    Canada

 

- 23 -


SCHEDULE V

PARTNERS LIMITED

 

Name and Position of

Officer or Director

  

Principal Business

Address

  

Principal Occupation or

Employment

  

Citizenship

Lisa Chu, Treasurer    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Senior Vice President – Finance, Brookfield    Canada

Jack L. Cockwell, Director and

Chairman of the Board

   51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada    Chair of Brookfield Partners Foundation    Canada
Lorretta Corso, Secretary    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Administrator and Corporate Secretary, Brookfield    Canada
Brian W. Kingston, Director    250 Vesey Street, 15th Floor, New York, NY 10281-1023 U.S.A.    Managing Partner, Chief Executive Real Estate of Brookfield    Canada
Brian D. Lawson, Director and President    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Vice Chair, Brookfield    Canada
Cyrus Madon, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Private Equity of Brookfield    Canada
Samuel J.B. Pollock, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Infrastructure of Brookfield    Canada
Timothy R. Price, Director    51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada    Corporate Director    Canada
Sachin Shah, Director    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Managing Partner, Chief Executive Officer Renewable Power of Brookfield    Canada
Tim Wang, Assistant Secretary    181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3, Canada    Manager, Capital Markets and Treasury, Brookfield    Canada

 

 

- 24 -