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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. 6)
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)
December 2, 2016
(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 persons 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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Names of Reporting Persons | |||||
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Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
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(a) |
o | ||||
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(b) |
x Joint Filing | ||||
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3 |
SEC Use Only | |||||
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Source of Funds (See Instructions) | |||||
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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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Shared Voting Power | ||||||
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Sole Dispositive Power | ||||||
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Shared Dispositive Power | ||||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
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Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||||
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Percent of Class Represented by Amount in Row (11) | |||||
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Type of Reporting Person (See Instructions) | |||||
1 This amount includes 73,395 limited partnership units (Units) of Brookfield Infrastructure Partners L.P. (the Partnership) owned by BIG Holdings L.P. and 176,250 Units owned by BAM Infrastructure Group L.P., each a wholly-owned subsidiary of Brookfield Asset Management Inc. (Brookfield). This amount also includes 100,262,992 redeemable partnership units of Brookfield Infrastructure L.P. (RPUs) owned by BIP REU Holdings (2015) L.P., a wholly-owned subsidiary of Brookfield, and 8,139,000 RPUs owned by BIP REU Holdings (2016) L.P., a wholly-owned subsidiary of Brookfield.
All amounts reflect a 3-for-2 split of the Units and RPUs completed on September 14, 2016.
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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(a) |
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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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Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||||
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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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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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(a) |
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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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Citizenship or Place of Organization | |||||
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Number of |
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Sole Voting Power | |||||
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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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Type of Reporting Person (See Instructions) | |||||
CUSIP No. G16252 10 1 |
SCHEDULE 13D |
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Explanatory Note
This Amendment No. 6 (this Amendment No. 6) to Schedule 13D is being filed to reflect the closing on December 2, 2016 of the previously announced equity offering of the Partnership, which included a concurrent private placement (the Private Placement) to Brookfield of 8,139,000 RPUs of Brookfield Infrastructure L.P. (Holding LP), which are exchangeable for limited partnership units of the Partnership (the Units) under certain circumstances. The additional RPUs were issued to a newly-formed entity, BIP REU Holdings (2016) L.P., a wholly-owned subsidiary of Brookfield.
All amounts in this Amendment No. 6 reflect a 3-for-2 split of the Units and RPUs completed on September 14, 2016.
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. 6.
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:
In connection with the Private Placement, Brookfield and the Partnership entered into a subscription agreement, dated as of November 29, 2016 (the Subscription Agreement), which provided for the purchase by Brookfield of 8,139,000 RPUs, deliverable at closing on or about December 2, 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 8,139,000 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 3,327,972 Units, and such Units constitute approximately 0.9% of the issued and outstanding Units based on the number of Units outstanding as of September 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 108,651,637 Units and Partners may be deemed to be the beneficial owner of 112,017,711 Units, and such Units would constitute approximately 29.6% and 30.5%, respectively, of the issued and outstanding Units based on the number of Units outstanding as of September 30, 2016. The Units deemed to be beneficially owned by Partners include 38,102 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 38,102 Units with respect to which it has sole voting and investment power.
CUSIP No. G16252 10 1 |
SCHEDULE 13D |
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Item 7. Material to be Filed as Exhibits.
Exhibit 5 Subscription Agreement dated November 29, 2016 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 undersigneds 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: December 2, 2016
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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 |
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PARTNERS VALUE INVESTMENTS LP, by its general partner, PVI MANAGEMENT INC. | ||
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By: |
/s/ Vu Nguyen | |
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Name: |
Vu Nguyen |
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Title |
Chief Financial Officer |
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PARTNERS LIMITED | ||
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By: |
/s/ Brian Lawson | |
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Name: |
Brian Lawson |
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Title |
President |
SCHEDULE I
BROOKFIELD ASSET MANAGEMENT INC.
Name and Position of |
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Principal Business |
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Principal Occupation or |
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Citizenship |
M. Elyse Allan, Director |
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2300 Meadowvale Blvd. |
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President and Chief Executive Officer of General Electric Canada Company Inc. |
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Canada |
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Jeffrey M. Blidner, Director and Senior Managing Partner |
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181 Bay Street, Suite 300, Brookfield Place |
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Senior Managing Partner of Brookfield |
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Canada |
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Angela F. Braly, Director |
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832 Alverna Drive, Indianapolis, Indiana 46260 |
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President & Founder, The Braly Group, LLC |
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U.S.A. |
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Richard (Ric) Clark |
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250 Vesey Street, 15th Floor |
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Senior Managing Partner of Brookfield |
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U.S.A. |
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Jack L. Cockwell, Director |
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51 Yonge Street, Suite 400, Toronto, Ontario |
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Corporate Director |
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Canada |
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Marcel R. Coutu, Director |
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335 8th Avenue SW, Suite 1700 |
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Former President and Chief Executive Officer of Canadian Oil Sands Limited |
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Canada |
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J. Bruce Flatt, Director and Senior Managing Partner and Chief Executive Officer |
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181 Bay Street, Suite 300, Brookfield Place |
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Senior Managing Partner and Chief Executive Officer of Brookfield |
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Canada |
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Robert J. Harding, Director |
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Brookfield Global Infrastructure Advisory Board |
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Past Chairman of Brookfield |
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Canada |
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Maureen V. Kempston Darkes, Director |
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c/o 21 Burkebrook Place, Apt. 712, Toronto, Ontario M4G 0A2, Canada |
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Corporate Director of Brookfield and former President, Latin America, Africa and Middle East, General Motors Corporation |
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Canada |
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David W. Kerr, Director |
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51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada |
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Chairman, Halmont Properties Corp. |
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Canada |
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Brian W. Kingston, Senior Managing Partner |
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250 Vesey Street, 15th Floor |
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Senior Managing Partner of Brookfield |
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Canada |
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Brian D. Lawson, Senior Managing Partner and Chief Financial Officer |
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181 Bay Street, Suite 300, Brookfield Place |
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Senior Managing Partner and Chief Financial Officer of Brookfield |
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Canada |
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Philip B. Lind, Director |
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Rogers Communications Inc. |
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Co-Founder, Director and Vice Chairman of Rogers Communications Inc. |
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Canada |
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Cyrus Madon, Senior Managing Partner |
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181 Bay Street, Suite 300, Brookfield Place |
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Senior Managing Partner of Brookfield |
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Canada |
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Frank J. McKenna, Director |
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TD Bank Group, P.O. Box 1, TD Centre, 66 |
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Chair of Brookfield and Deputy Chair of TD Bank Group |
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Canada |
Youssef A. Nasr, Director |
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P.O. Box 16 5927, Beirut, Lebanon |
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Corporate Director of Brookfield and former Chairman and CEO of HSBC Middle East Ltd. and former President of HSBC Bank Brazil |
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Lebanon and U.S.A. |
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Lord Augustine Thomas ODonnell, Director |
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P.O. Box 1, TD Centre, 66 Wellington St. W., 4th Floor, TD Tower
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Chairman, Frontier Economics Limited |
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United Kingdom |
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Samuel J.B. Pollock, Senior Managing Partner |
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181 Bay Street, Suite 300, Brookfield Place |
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Senior Managing Partner of Brookfield |
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Canada |
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Ngee Huat Seek, Director |
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168 Robinson Road |
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Former Chairman of the Latin American Business Group, Government of Singapore Investment Corporation |
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Singaporean |
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Sachin G. Shah |
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181 Bay Street, Suite 300, Brookfield Place |
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Senior Managing Partner of Brookfield |
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Canada |
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Diana L. Taylor, Director |
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Solera Capital L.L.C |
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Vice Chair, Solera Capital LLC |
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U.S.A. |
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George S. Taylor, Director |
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c/o R.R. #3, 4675 Line 3, St. Marys, Ontario |
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Corporate Director of Brookfield |
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Canada |
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A.J. Silber, Vice-President, Legal Affairs and Corporate Secretary |
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181 Bay Street, Suite 300, Brookfield Place |
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Vice-President, Legal Affairs and Corporate Secretary of Brookfield |
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Canada |
SCHEDULE II
PVI MANAGEMENT INC., as General Partner of
PARTNERS VALUE INVESTMENTS LP
Name and Position |
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Principal Business |
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Principal |
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Citizenship |
John P. Barratt, Director |
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c/o Suite 200, #10 2130 Dickson Road, Mississauga, Ontario L5B 1Y6 |
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Corporate Director |
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Canada |
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Edward C. Kress, Director |
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51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1 |
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Corporate Director |
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Canada |
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Brian D. Lawson, Director |
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181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
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Senior Managing Partner and Chief Financial Officer |
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Canada |
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Frank N.C. Lochan, Chairman |
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228 Lakewood Drive, Oakville, Ontario L6K 1B2 |
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Corporate Director |
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Canada |
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George E. Myhal, President, Chief Executive Officer and Director |
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Partners Value Investments LP, 181 Bay Street, Brookfield Place, Suite 210, Toronto, Ontario M5J 2T3, Canada |
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President and Chief Executive Officer, Partners Value Investments Inc. |
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Canada |
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Vu Nguyen, Vice-President, Finance |
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181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
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Manager of Brookfield |
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Canada |
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Ralph J. Zarboni, Director |
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Rossiter Ventures Corporation |
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Chairman and Chief Executive Officer of EM Group Inc. and EM Plastic & Electric Products Limited |
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Canada |
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Loretta Corso, Corporate Secretary |
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181 Bay Street, Brookfield Place, Suite 300, Toronto, Ontario M5J 2T3, Canada |
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Corporate Secretarial Administrator, Brookfield |
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Canada |
SCHEDULE III
PARTNERS LIMITED
Name and Position of |
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Principal Business |
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Principal Occupation or |
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Citizenship |
Jack. L. Cockwell, Director and Chairman |
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51 Yonge Street, Suite 400 Toronto, Ontario |
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Corporate Director |
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Canada |
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David W. Kerr, Director |
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51 Yonge Street, Suite 400 Toronto, Ontario |
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Chairman, Halmont Properties Corp. |
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Canada |
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Brian D. Lawson, Director and President |
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Brookfield Asset Management Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, |
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Senior Managing Partner and Chief Financial Officer of Brookfield |
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Canada |
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George E. Myhal, Director |
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Partners Value Investments LP, 181 Bay Street, Brookfield Place, Suite 210, Toronto, Ontario M5J 2T3, Canada |
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President and Chief Executive Officer, PVI Management Inc. |
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Canada |
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Timothy R. Price, Director |
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51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada |
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Chairman, Brookfield Funds |
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Canada |
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Tony E. Rubin, Treasurer |
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51 Yonge Street, Suite 400, Toronto, Ontario M5E 1J1, Canada |
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Accountant, Brookfield |
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Canada |
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Loretta Corso, Secretary |
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Brookfield Asset Management, Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, |
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Corporate Secretarial Administrator, Brookfield |
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Canada |
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Derek E. Gorgi, Assistant Secretary |
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Brookfield Asset Management, Inc., 181 Bay Street, Brookfield Place, Suite 300, Toronto, |
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Chief Financial Officer, Multiplex |
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Canada |