| SECURITIES AND EXCHANGE COMMISSION |
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| Washington, D.C. 20549 |
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| SCHEDULE 13D/A |
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(Amendment No. 4)
Under the Securities Exchange Act of 1934
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.
(Name of Issuer)
Limited Partnership Units
(Title of Class of Securities)
G16252 10 1
(CUSIP Number)
A.J. Silber
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)
August 17, 2015
(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 which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box o.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
(Continued on following pages)
CUSIP No. G16252 10 1 | SCHEDULE 13D |
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| 1 | Names of Reporting Persons | |||||
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| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
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| (b) | x — Joint Filing | ||||
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| 3 | SEC Use Only | |||||
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| 4 | Source of Funds (See Instructions) | |||||
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| 5 | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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| 6 | Citizenship or Place of Organization | |||||
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Number of | 7 | Sole Voting Power | |||||
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8 | Shared Voting Power | ||||||
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9 | Sole Dispositive Power | ||||||
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10 | Shared Dispositive Power | ||||||
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| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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| 12 | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||||
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| 13 | Percent of Class Represented by Amount in Row (11) | |||||
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| 14 | Type of Reporting Person (See Instructions) | |||||
1 This amount includes 48,930 limited partnership units of Brookfield Infrastructure Partners L.P. (the “Partnership”) owned by BIG Holdings L.P., a wholly-owned subsidiary of Brookfield Asset Management Inc. (“Brookfield”). This amount also includes 43,396,642 redeemable partnership units of Brookfield Infrastructure L.P. (“RPUs”) owned by BILP Holding L.P., 15,342,774 RPUs owned by BIG Holdings L.P., and 8,101,850 RPUs owned by BAM Infrastructure Group L.P., each a wholly-owned subsidiary of Brookfield.
CUSIP No. G16252 10 1 | SCHEDULE 13D |
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| 1 | Names of Reporting Persons | |||||
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| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
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| (b) | x — Joint Filing | ||||
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| 3 | SEC Use Only | |||||
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| 4 | Source of Funds (See Instructions) | |||||
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| 5 | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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| 6 | Citizenship or Place of Organization | |||||
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Number of | 7 | Sole Voting Power | |||||
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8 | Shared Voting Power | ||||||
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9 | Sole Dispositive Power | ||||||
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10 | Shared Dispositive Power | ||||||
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| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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| 12 | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||||
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| 13 | Percent of Class Represented by Amount in Row (11) | |||||
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| 14 | Type of Reporting Person (See Instructions) | |||||
CUSIP No. G16252 10 1 | SCHEDULE 13D |
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| 1 | Names of Reporting Persons | |||||
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| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
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| (b) | x — Joint Filing | ||||
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| 3 | SEC Use Only | |||||
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| 4 | Source of Funds (See Instructions) | |||||
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| 5 | Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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| 6 | Citizenship or Place of Organization | |||||
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Number of | 7 | Sole Voting Power | |||||
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8 | Shared Voting Power | ||||||
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9 | Sole Dispositive Power | ||||||
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10 | Shared Dispositive Power | ||||||
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| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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| 12 | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||||
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| 13 | Percent of Class Represented by Amount in Row (11) | |||||
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| 14 | Type of Reporting Person (See Instructions) | |||||
CUSIP No. G16252 10 1 | SCHEDULE 13D |
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Explanatory Note
This Amendment No. 4 (this “Amendment No. 4”) to Schedule 13D is being filed to reflect the acquisition by Brookfield of RPUs pursuant to a Subscription Agreement entered into on August 17, 2015 by Brookfield and the Partnership. Information reported in the original Schedule 13D remains in effect except to the extent that it is amended or superseded by information contained in this Amendment No. 4.
Item 2. Identity and Background
Item 2 of Schedule 13D is hereby amended and supplemented as follows:
Schedules I, II and III hereto set forth a list of all the directors and executive officers (the “Scheduled Persons”), and their respective principal occupations, addresses, and citizenships, of each of Brookfield, Partners Value Investments Inc. (“Value Investments”) and Partners Limited (“Partners”), respectively.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of Schedule 13D is hereby supplemented as follows:
On August 17, 2015, Brookfield entered into an agreement to purchase 5,787,037 RPUs of Brookfield Infrastructure L.P. (“Holding LP”), which are exchangeable for limited partnership units of the Partnership (the “Units”) under certain circumstances. The purchase of these RPUs by Brookfield will be funded by $250,000,000 cash on hand from Brookfield.
Item 4. Purpose of Transaction
Item 4 of Schedule 13D is hereby supplemented as follows:
Brookfield is acquiring the RPUs for the purpose of increasing its investment in the Partnership.
Item 5. Interest in Securities of the Issuer
Items 5(a)–(b) of Schedule 13D are hereby amended as follows:
(a)-(b) As of the date hereof, Value Investments may be deemed to be the beneficial owner of 2,218,649 Units, and such Units constitute approximately 0.9% of the issued and outstanding Units based on the number of Units outstanding as of June 30, 2015. Assuming that all of the redeemable partnership units of Holding LP were exchanged for Units pursuant to the redemption-exchange mechanism, as of the date hereof, Brookfield may be deemed to be the beneficial owner of 72,677,233 Units and Partners may be deemed to be the beneficial owner of 74,921,283 Units, and such Units would constitute approximately 30.8% and 31.7%, respectively, of the issued and outstanding Units based on the number of Units outstanding as of June 30, 2015. The Units deemed to be beneficially owned by Partners include 25,401 Units owned by Partners and the Units deemed to be beneficially owned by each of Brookfield and Value Investments. Brookfield may hold the Units directly or in one or more wholly-owned subsidiaries. Partners may be deemed to have shared power (with each of Brookfield and Value Investments) to vote or direct the vote of the Units beneficially owned by it or to dispose of such Units other than 25,401 Units with respect to which it has sole voting and investment power.
Item 7. Material to be Filed as Exhibits.
Exhibit 5 Subscription Agreement dated August 17, 2015 by and between Brookfield Asset Management Inc. and Brookfield Infrastructure L.P.
CUSIP No. G16252 10 1 | SCHEDULE 13D |
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SIGNATURES
After reasonable inquiry and to the best of the undersigned’s knowledge and belief, each of the undersigned certifies as to itself that the information set forth in this statement is true, complete and correct.
Dated: August 19, 2015
| BROOKFIELD ASSET MANAGEMENT INC. | ||
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| By: | /s/ A.J. Silber | |
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| Name: | A.J. Silber |
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| Title | Vice President, Legal Affairs and Corporate Secretary |
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| PARTNERS VALUE INVESTMENTS INC. | ||
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| By: | /s/ George E. Myhal | |
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| Name: | George E. Myhal |
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| Title | President |
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| PARTNERS LIMITED | ||
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| By: | /s/ Loretta Corso | |
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| Name: | Loretta Corso |
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| Title | Secretary |
SCHEDULE I
BROOKFIELD ASSET MANAGEMENT INC.
Name and Position of |
| Principal Business |
| Principal Occupation or |
| Citizenship |
Jeffrey M. Blidner, Senior Managing Partner |
| 181 Bay Street, Suite 300 Toronto, Ontario M5J 2T3, Canada |
| Senior Managing Partner of Brookfield |
| Canada |
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Angela F. Braly |
| 832 Alverna Drive, Indianapolis, Indiana 46260 |
| President & Founder, The Braly Group, LLC |
| U.S.A. |
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Jack L. Cockwell, Director |
| 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada |
| Group Chair of Brookfield |
| Canada |
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Marcel R. Coutu, Director |
| 335 8th Avenue SW, Suite 1700 Calgary, Alberta T2P 1C9, Canada |
| Former President and Chief Executive Officer of Canadian Oil Sands Limited |
| Canada |
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J. Bruce Flatt, Director and Senior Managing Partner and Chief Executive Officer |
| 181 Bay Street, Suite 300 Toronto, Ontario M5J 2T3, Canada |
| Senior Managing Partner and Chief Executive Officer of Brookfield |
| Canada |
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Robert J. Harding, Director |
| Brookfield Global Infrastructure Advisory Board 181 Bay Street, Suite 300, Brookfield Place, Toronto, Ontario M5J 2T3, Canada |
| Past Chairman of Brookfield |
| Canada |
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Maureen Kempston Darkes, Director |
| c/o 21 Burkebrook Place, Apt. 712, Toronto, Ontario M4G 0A2, Canada |
| Corporate Director of Brookfield and former President, Latin America, Africa and Middle East, General Motors Corporation |
| Canada |
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David W. Kerr, Director |
| c/o 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada |
| Chairman, Halmont Properties Corp. |
| Canada |
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Brian D. Lawson, Senior Managing Partner and Chief Financial Officer |
| 181 Bay Street, Suite 300 Toronto, Ontario M5J 2T3, Canada |
| Senior Managing Partner and Chief Financial Officer of Brookfield |
| Canada |
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Lance Liebman, Director |
| Columbia Law School 435 West 116th Street New York, New York 10027 –7297, U.S.A. |
| William S. Beinecke Professor of Law |
| U.S.A. |
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Philip B. Lind, Director |
| Rogers Communications Inc. 333 Bloor Street East, 10th Floor, Toronto, Ontario M4W 1G9, Canada |
| Co-Founder and Director of Rogers Communications Inc. |
| Canada |
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Frank J. McKenna, Director |
| TD Bank Group, P.O. Box 1, TD Centre, 66 Wellington St. West, 4th Floor, TD Tower, Toronto, Ontario M5K 1A2, Canada |
| Chair of Brookfield and Deputy Chair of TD Bank Group |
| Canada |
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Youssef A. Nasr, Director |
| P.O. Box 16 5927, Beirut, Lebanon |
| Corporate Director of Brookfield and former Chairman and CEO of HSBC Middle East Ltd. and former President of HSBC Bank Brazil |
| Lebanon and U.S.A. |
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Lord Augustine Thomas O’Donnell |
| P.O. Box 1, TD Centre, 66 Wellington St. W., 4th Floor, TD Tower Toronto, Ontario M5K 1A2, Canada |
| Chairman of Frontier Economics and Strategic Advisor, TD Bank Group |
| United Kingdom |
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Samuel J.B. Pollock, Senior Managing Partner |
| 181 Bay Street, Suite 300 Toronto, Ontario M5J 2T3, Canada |
| Senior Managing Partner of Brookfield |
| Canada |
Ngee Huat Seek, Director |
| 168 Robinson Road #37 – 01 Capital Tower Singapore 068912 |
| Former Chairman of the Latin American Business Group, Government of Singapore Investment Corporation |
| Singaporean |
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Diana L. Taylor, Director |
| Solera Capital L.L.C 625 Madison Avenue, 3rd Floor New York, N.Y. 10022 |
| Vice Chair, Solera Capital LLC |
| U.S.A. |
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George S. Taylor, Director |
| c/o R.R. #3, 4675 Line 3, St. Marys, Ontario N4X 1C6, Canada |
| Corporate Director of Brookfield |
| Canada |
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A.J. Silber, Vice-President, Legal Affairs and Corporate Secretary |
| 181 Bay Street, Suite 300 Toronto, Ontario M5J 2T3, Canada |
| Vice-President, Legal Affairs and Corporate Secretary of Brookfield |
| Canada |
SCHEDULE II
PARTNERS VALUE INVESTMENTS INC.
Name and Position of |
| Principal Business |
| Principal Occupation or |
| Citizenship |
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John P. Barratt |
| c/o Suite 200, #10 – 2130 Dickson Road, Mississauga, Ontario L5B 1Y6 |
| Corporate Director |
| Canada |
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Edward C. Kress |
| 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1 |
| Corporate Director |
| Canada |
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Brian D. Lawson |
| Brookfield Place, 181 Bay Street, Suite 300, Toronto, Ontario M5J 2T3 |
| Managing Partner and Chief Financial Officer Brookfield |
| Canada |
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Frank N.C. Lochan |
| 228 Lakewood Drive, Oakville, Ontario L6K 1B2 |
| Corporate Director |
| Canada |
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George E. Myhal |
| 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| President and CEO, Partners Value Investments Inc. |
| Canada |
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Vu Nguyen |
| 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| Senior Financial Analyst of Brookfield |
| Canada |
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Ralph J. Zarboni |
| Rossiter Ventures Corporation |
| CPresident |
| Canada |
SCHEDULE III
PARTNERS LIMITED
Name and Position of |
| Principal Business |
| Principal Occupation or |
| Citizenship |
Jack. L. Cockwell, Director and Chairman |
| 51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada |
| Group Chair of Brookfield |
| Canada |
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J. Bruce Flatt, Director |
| 181 Bay Street, Brookfield Place, Suite 300, Toronto, ON M5J 2T3 |
| Senior Managing Partner and Chief Executive Office of Brookfield Asset Management Inc. |
| Canada |
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David W. Kerr, Director |
| c/o 51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada |
| Chairman, Halmont Properties Corp. |
| Canada |
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Brian D. Lawson, Director and President |
| Brookfield Asset Management Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| Senior Managing Partner and Chief Financial Officer of Brookfield |
| Canada |
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George E. Myhal, Director |
| Partners Value Investments Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| President and CEO, Partners Value Investments Inc. |
| Canada |
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Timothy R. Price, Director |
| c/o 51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada |
| Chairman, Brookfield Funds |
| Canada |
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Samuel J.B. Pollock, Director |
| Brookfield Asset Management Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| Senior Managing Partner |
| Canada |
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Tony E. Rubin, Treasurer |
| Brookfield Asset Management Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| Accountant |
| Canada |
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Lorretta Corso, Secretary |
| Brookfield Asset Management Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| Corporate Secretarial Administrator |
| Canada |
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Derek Gorgi, Assistant Secretary |
| Brookfield Asset Management Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
| Senior Vice President |
| Canada |