Brookfield Infrastructure Announces Update on Simplification

Brookfield Infrastructure announced it has received all required approvals to complete its corporate simplification, combining Brookfield Infrastructure Partners L.P. (BIP) and Brookfield Infrastructure Corporation (BIPC) into a single entity, Brookfield Infrastructure Partners Inc. (BIP Inc.). The transaction is expected to close on November 19, 2026, with existing securityholders receiving Class A Shares on a one-for-one basis. The company will maintain its current quarterly distribution of US$0.455 per share and resume its normal course issuer bid following closing.