RE:Still confused a bit
BIPC holds the exact same assets as BIP, thus the same cash flow is generated, etc.
BIPC was created for a few reasons, but one of the biggest was that the dividends are taxed at a lower rate because the BIPC dividend is a "Qualified Dividend" in the U.S. and a "Eligible Dividend" in Canada. The BIP shares are "ordinary" dividends. This matters if you want to hold Brookfield Infrastructure Partners shares in a taxable account (not a U.S. 401K or Canadian RRSP). The BIP "ordinary" dividends are taxed just like your regular income on your pay cheque, which is a higher rate than BIPC Qualified/Eligible.
Brookfield expects that this advantage will drive more demand for Brookfield Infrastructure Partners.
I am Canadian and have held my BIP inside my RRSP for a while now, so it doesn't really matter to me. Today, I logged into my investing account and see that I have a bunch of BIPC shares now, in addition to my original BIP.UN shares (1 BIPC for every BIP). The unit split just completed today.
I am not a tax expert, and the information I provided here is simply what I have found out there on the internet, so I provide no guarantee of accuracy :-)
Here is one fairly easy to read source I found if you wish to check it out. https: // news.futunn. com/stock/9516217?src=3
Note: I added spaces to the URL, so take them out (I do this because sometimes pasting a link gives me grief).