Brookfield Infrastructure Wins All Approvals to Combine BIP and BIPC by November 19

Brookfield Infrastructure Partners L.P. has received all required approvals to complete the previously announced simplification of its corporate structure, which will combine BIP and Brookfield Infrastructure Corporation into a single entity, Stock Titan reported on November 5, 2026. The simplification is expected to close on November 19, 2026.

Brookfield Infrastructure Sets November 19 Closing

Upon closing, existing securityholders will automatically receive class A subordinate voting shares of Brookfield Infrastructure Partners Inc. on a one-for-one basis. In light of the expected closing, Brookfield Infrastructure Partners is not declaring a distribution or dividend for the fourth quarter of 2026 at this time.

Following closing, and subject to approval by its Board of Directors, BIP Inc. intends to declare and pay the fourth quarter dividend on the BIP Inc. Class A Shares in an amount consistent with BIP's current quarterly distribution of US $0.455 per unit. BIP Inc. also intends to assume BIP's existing normal course issuer bid following closing, subject to acceptance by the Toronto Stock Exchange.

In connection with the simplification, BIP's distribution reinvestment plan will be terminated effective November 5, 2026. The final distribution of BIP units under the plan was made in respect of BIP's distribution paid on September 29, 2026 to unitholders of record as of August 31, 2026. Upon closing, participants will receive one Class A Share for each BIP unit held in the plan, and BIP Inc. expects to adopt a dividend reinvestment plan for the Class A Shares that is substantially similar to BIP's plan. Registered unitholders who currently participate in BIP's plan will be required to confirm their enrollment in the BIP Inc. plan by May 19, 2027.

Brookfield Infrastructure's Earlier Restructuring Steps

According to akta.pro company records, Brookfield Infrastructure, alongside Brookfield Renewable Partners, was exploring a conversion from a limited partnership to a single combined corporate structure in May 2026 to enhance liquidity, passive index inclusion, and investor accessibility. Brookfield Corp. announced that month that its two limited partnerships, Brookfield Renewable Partners LP and Brookfield Infrastructure Partners LP, were exploring converting from limited partnership structures into a single combined corporate structure to attract more passive investors.

Meetings That Preceded the Approval

Brookfield Infrastructure Partners held a special unitholder meeting on October 14, 2026, to discuss a plan of arrangement that would simplify its corporate structure, Seeking Alpha reported. Brookfield Infrastructure Corporation's shareholder meeting opened on October 29, 2026, with Chair Anne Schaumburg introducing a plan of arrangement to reorganize the corporation and Brookfield Infrastructure Partners L.P., according to Seeking Alpha.

Brookfield Infrastructure's Trading Timeline

The BIP Inc. Class A Shares are expected to commence trading on the New York Stock Exchange and the TSX under the symbol "BIP" on or about November 23, 2026. BIP's preferred units and the preferred units of Brookfield Infrastructure L.P. will remain listed and continue to trade under their existing symbols.