| SECURITIES AND EXCHANGE COMMISSION | |
| Washington, D.C. 20549 | |
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| SCHEDULE 13D/A | |
(Amendment No. 5)
Under the Securities Exchange Act of 1934
BROOKFIELD INFRASTRUCTURE PARTNERS L.P.
(Name of Issuer)
Limited Partnership Units
(Title of Class of Securities)
(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)
(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 BROOKFIELD ASSET MANAGEMENT INC. |
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| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| | (a) | o |
| | (b) | x — Joint Filing |
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| 3 | SEC Use Only |
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| 4 | Source of Funds (See Instructions) OO |
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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 ONTARIO |
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Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power 0 LIMITED PARTNERSHIP UNITS |
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8 | Shared Voting Power 67,007,696 LIMITED PARTNERSHIP UNITS1 |
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9 | Sole Dispositive Power 0 LIMITED PARTNERSHIP UNITS |
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10 | Shared Dispositive Power 67,007,696 LIMITED PARTNERSHIP UNITS1 |
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| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person 67,007,696 LIMITED PARTNERSHIP UNITS |
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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) 29.2% OF THE OUTSTANDING LIMITED PARTNERSHIP UNITS |
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| 14 | Type of Reporting Person (See Instructions) CO |
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1 This amount includes 48,930 limited partnership units (“Units”) of Brookfield Infrastructure Partners L.P. (the “Partnership”) owned by BIG Holdings L.P. and 117,500 Units owned by BAM Infrastructure Group L.P., each a wholly-owned subsidiary of Brookfield Asset Management Inc. (“Brookfield”). This amount also includes 66,841,266 redeemable partnership units of Brookfield Infrastructure L.P. (“RPUs”) owned by BIP REU Holdings (2015) L.P., a wholly-owned subsidiary of Brookfield.
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CUSIP No. G16252 10 1 | SCHEDULE 13D | |
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| 1 | Names of Reporting Persons PARTNERS VALUE INVESTMENTS LP |
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| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| | (a) | o |
| | (b) | x — Joint Filing |
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| 3 | SEC Use Only |
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| 4 | Source of Funds (See Instructions) OO |
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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 ONTARIO |
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Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power 2,218,649 LIMITED PARTNERSHIP UNITS |
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8 | Shared Voting Power 0 LIMITED PARTNERSHIP UNITS |
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9 | Sole Dispositive Power 2,218,649 LIMITED PARTNERSHIP UNITS |
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10 | Shared Dispositive Power 0 LIMITED PARTNERSHIP UNITS |
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| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person 2,218,649 LIMITED PARTNERSHIP UNITS |
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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) 1.0% OF THE OUTSTANDING LIMITED PARTNERSHIP UNITS |
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| 14 | Type of Reporting Person (See Instructions) PN |
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CUSIP No. G16252 10 1 | SCHEDULE 13D | |
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| 1 | Names of Reporting Persons PARTNERS LIMITED |
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| 2 | Check the Appropriate Box if a Member of a Group (See Instructions) |
| | (a) | o |
| | (b) | x — Joint Filing |
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| 3 | SEC Use Only |
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| 4 | Source of Funds (See Instructions) OO |
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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 ONTARIO |
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Number of Shares Beneficially Owned by Each Reporting Person With | 7 | Sole Voting Power 69,251,746 LIMITED PARTNERSHIP UNITS |
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8 | Shared Voting Power 69,226,345 LIMITED PARTNERSHIP UNITS |
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9 | Sole Dispositive Power 25,401 LIMITED PARTNERSHIP UNITS |
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10 | Shared Dispositive Power 69,226,345 LIMITED PARTNERSHIP UNITS |
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| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person 69,251,746 LIMITED PARTNERSHIP UNITS |
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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) 30.2% OF THE OUTSTANDING LIMITED PARTNERSHIP UNITS |
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| 14 | Type of Reporting Person (See Instructions) CO |
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CUSIP No. G16252 10 1 | SCHEDULE 13D | |
Explanatory Note
This Amendment No. 5 (this “Amendment No. 5”) to Schedule 13D is being filed to reflect the termination on September 1, 2016 of the Subscription Agreement entered into on August 17, 2015 by Brookfield and the Partnership (as amended and restated, the “Subscription Agreement”) that had provided for acquisition by Brookfield of up to 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. No RPUs were issued to Brookfield in connection with the Subscription Agreement, and accordingly this Amendment No. 5 reflects a corresponding reduction in Brookfield’s beneficial ownership of Units.
This Amendment No. 5 also reflects certain internal reorganizations effectuated by the reporting persons, as well as the acquisition of 117,500 Units by BAM Infrastructure Group L.P., a wholly-owned subsidiary of Brookfield, in open market transactions in the second half of 2015.
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. 5.
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, PVI Management Inc., as general partner of Partners Value Investments LP (“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:
The Subscription Agreement had provided for the purchase by Brookfield of up to 5,787,037 RPUs of Holding LP, which are exchangeable for Units under certain circumstances. No such RPUs were issued under the Subscription Agreement and the Subscription Agreement was terminated on September 1, 2016.
Item 4. Purpose of Transaction
Item 4 of Schedule 13D is hereby supplemented as follows:
The Subscription Agreement provided for the purchase by Brookfield of up to 5,787,037 RPUs of Holding LP, which are exchangeable for Units under certain circumstances, for the purpose of increasing its investment in the Partnership. However, Brookfield did not acquire any such RPUs because the transactions contemplated by the Subscription Agreement did not take place, and the Subscription Agreement was terminated on September 1, 2016, resulting in a corresponding reduction in Brookfield beneficial ownership of Units.
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 1.0% of the issued and outstanding Units based on the number of Units outstanding as of June 30, 2016. 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 67,007,696 Units and Partners may be deemed to be the beneficial owner of 69,251,746 Units, and such Units would constitute approximately 29.2% and 30.2%, respectively, of the issued and outstanding Units based on the number of Units outstanding as of June 30, 2016. 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
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CUSIP No. G16252 10 1 | SCHEDULE 13D | |
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.
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CUSIP No. G16252 10 1 | SCHEDULE 13D | |
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: September 6, 2016
| BROOKFIELD ASSET MANAGEMENT INC. |
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| By: | /s/ A.J. Silber |
| | Name: | A.J. Silber |
| | Title | Vice President, Legal Affairs |
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| PARTNERS VALUE INVESTMENTS LP, by its general partner, PVI MANAGEMENT INC. |
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| By: | /s/ Vu Nguyen |
| | Name: | Vu Nguyen |
| | Title | Chief Financial Officer |
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| PARTNERS LIMITED |
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| By: | /s/ Brian Lawson |
| | Name: | Brian Lawson |
| | Title | President |
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SCHEDULE I
BROOKFIELD ASSET MANAGEMENT INC.
Name and Position of Officer or Director | | Principal Business Address | | Principal Occupation or Employment | | Citizenship |
M. Elyse Allan, Director | | 2300 Meadowvale Blvd. Mississauga, Ontario L5N 5P9, Canada | | President and Chief Executive Officer of General Electric Canada Company Inc. | | Canada |
Jeffrey M. Blidner, Director and Senior Managing Partner | | 181 Bay Street, Suite 300, Brookfield Place Toronto, Ontario M5J 2T3, Canada | | Senior Managing Partner of Brookfield | | Canada |
Angela F. Braly, Director | | 832 Alverna Drive, Indianapolis, Indiana 46260 | | President & Founder, The Braly Group, LLC | | U.S.A. |
Jack L. Cockwell, Director | | 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada | | Corporate Director | | Canada |
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 |
J. Bruce Flatt, Director and Senior Managing Partner and Chief Executive Officer | | 181 Bay Street, Suite 300, Brookfield Place Toronto, Ontario M5J 2T3, Canada | | Senior Managing Partner and Chief Executive Officer of Brookfield | | Canada |
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 |
Maureen V. 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 |
David W. Kerr, Director | | 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada | | Chairman, Halmont Properties Corp. | | Canada |
Brian W. Kingston, Senior Managing Partner | | 250 Vesey Street, 15th Floor New York, New York 10281 | | Senior Managing Partner of Brookfield | | Canada |
Brian D. Lawson, Senior Managing Partner and Chief Financial Officer | | 181 Bay Street, Suite 300, Brookfield Place Toronto, Ontario M5J 2T3, Canada | | Senior Managing Partner and Chief Financial Officer of Brookfield | | Canada |
Philip B. Lind, Director | | Rogers Communications Inc. 333 Bloor Street East, 10th Floor, Toronto, Ontario M4W 1G9, Canada | | Co-Founder, Director and Vice Chairman of Rogers Communications Inc. | | Canada |
Cyrus Madon, Senior Managing Partner | | 181 Bay Street, Suite 300, Brookfield Place Toronto, Ontario M5J 2T3, Canada | | Senior Managing Partner of Brookfield | | Canada |
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. |
Lord Augustine Thomas O’Donnell, Director | | P.O. Box 1, TD Centre, 66 Wellington St. W., 4th Floor, TD Tower Toronto, Ontario M5K 1A2, Canada Frontier Economics Limited 71 High Holborn London, United Kingdom WC1V 6DA | | Chairman, Frontier Economics Limited | | United Kingdom |
Samuel J.B. Pollock, Senior Managing Partner | | 181 Bay Street, Suite 300, Brookfield Place 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 |
Diana L. Taylor, Director | | Solera Capital L.L.C 625 Madison Avenue, 3rd Floor New York, New York 10022 | | Vice Chair, Solera Capital LLC | | U.S.A. |
George S. Taylor, Director | | c/o R.R. #3, 4675 Line 3, St. Marys, Ontario N4X 1C6, Canada | | Corporate Director of Brookfield | | Canada |
A.J. Silber, Vice-President, Legal Affairs and Corporate Secretary | | 181 Bay Street, Suite 300, Brookfield Place Toronto, Ontario M5J 2T3, Canada | | Vice-President, Legal Affairs and Corporate Secretary of Brookfield | | Canada |
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SCHEDULE II
PVI MANAGEMENT INC., as General Partner of
PARTNERS VALUE INVESTMENTS LP
Name and Position of Officer or Director | | Principal Business Address | | Principal Occupation or Employment | | Citizenship |
John P. Barratt, Director | | c/o Suite 200, #10 — 2130 Dickson Road, Mississauga, Ontario L5B 1Y6 | | Corporate Director | | Canada |
Edward C. Kress, Director | | 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1 | | Corporate Director | | Canada |
Brian D. Lawson, Director | | 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada | | Senior Managing Partner and Chief Financial Officer Brookfield | | Canada |
Frank N.C. Lochan, Chairman | | 228 Lakewood Drive, Oakville, Ontario L6K 1B2 | | Corporate Director | | Canada |
George E. Myhal, President, Chief Executive Officer and Director | | Partners Value Investments LP, 181 Bay Street, Brookfield Place, Suite 210, Toronto, Ontario M5J 2T3, Canada | | President and Chief Executive Officer, Partners Value Investments Inc. | | Canada |
Vu Nguyen, Chief Financial Officer | | 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada | | Senior Financial Analyst of Brookfield | | Canada |
Ralph J. Zarboni, Director | | Rossiter Ventures Corporation 7357 Woodbine Ave., Suite 412 Markham, Ontario L3R 6L3 | | Chairman and Chief Executive Officer of EM Group Inc. and EM Plastic & Electric Products Limited | | Canada |
Lorretta Corso, Corporate Secretary | | 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada | | Corporate Secretarial Administrator, Brookfield | | Canada |
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SCHEDULE III
PARTNERS LIMITED
Name and Position of Officer or Director | | Principal Business Address | | Principal Occupation or Employment | | Citizenship |
Jack. L. Cockwell, Director and Chairman | | 51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada | | Corporate Director | | Canada |
David W. Kerr, Director | | 51 Yonge Street, Suite 400 Toronto, Ontario M5E 1J1, Canada | | Chairman, Halmont Properties Corp. | | Canada |
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 |
George E. Myhal, Director | | Partners Value Investments LP, 181 Bay Street, Brookfield Place, Suite 210, Toronto, Ontario M5J 2T3, Canada | | President and Chief Executive Officer, PVI Management Inc. | | Canada |
Timothy R. Price, Director | | 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada | | Chairman, Brookfield Funds | | Canada |
Tony E. Rubin, Treasurer | | 51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada | | Accountant, Brookfield | | Canada |
Lorretta Corso, Secretary | | Brookfield Asset Management, Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada | | Corporate Secretarial Administrator, Brookfield | | Canada |
Derek E. Gorgi, Assistant Secretary | | Brookfield Asset Management, Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada | | Senior Vice President, Brookfield | | Canada |
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