1832 Asset Management Discloses Passive Stake in Brookfield Infrastructure

TL;DR

**1832 Asset Management just revealed a passive stake in Brookfield Infrastructure, signaling institutional confidence.**

AI Summary

1832 Asset Management L.P. filed an SC 13G on February 12, 2024, disclosing its ownership of Limited Partnership Units in Brookfield Infrastructure Partners L.P. as of December 31, 2023. This filing indicates that 1832 Asset Management L.P. is a passive investor, holding a significant stake but not seeking to influence management. For investors, this means a large institutional investor sees value in Brookfield Infrastructure Partners, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing shows a major institutional investor, 1832 Asset Management L.P., holds a position in Brookfield Infrastructure Partners L.P., which can be a vote of confidence for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by an institutional holder, which generally poses low risk to existing shareholders.

Analyst Insight

A smart investor would note the institutional interest from 1832 Asset Management L.P. as a potential positive signal, but should conduct their own due diligence on Brookfield Infrastructure Partners L.P. rather than solely relying on this filing.

Key Players & Entities

• 1832 Asset Management L.P. (company) — the reporting person and institutional investor
• Brookfield Infrastructure Partners L.P. (company) — the subject company whose securities are being reported
• MD FINANCIAL MANAGEMENT INC. (company) — a group member associated with the filing
• SCOTIA MCLEOD, A DIVISION OF SCOTIA CAPITAL INC. (company) — a group member associated with the filing
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• 1832 Asset Management L.P. will maintain its passive investment in Brookfield Infrastructure Partners L.P. (1832 Asset Management L.P.) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• formsc13g.htm (SC 13G) — 62KB
• 0001062993-24-002810.txt ( ) — 64KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: 1832 Asset Management L.P.: 20,597,421 MD Financial Management Inc.: 17,834 ScotiaMcleod, a division of Scotia Capital Inc.: 5,969,020 The Subsidiaries in aggregate: 26,584,275 (b) Percent of Class: 1832 Asset Management L.P.: 4.46% MD Financial Management Inc. : 0.00% ScotiaMcLeod, a division of Scotia Capital Inc.: 1.29% The Subsidiaries in aggregate: 5.75% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 26,568,225 (ii) Shared power to vote or to direct the vote: 16,050 (iii) Sole power to dispose or to direct the disposition of: 26,568,225 (iv) Shared power to dispose or to direct the disposition of: 16,050 Page 6 of 8

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Ownership of more than Five Percent on Behalf of Another Person

Item 6. Ownership of more than Five Percent on Behalf of Another Person. Not applicable Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Not applicable

Identification and classification of members of the group

Item 8. Identification and classification of members of the group. Not applicable

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable

Certifications

Item 10. Certifications. By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. By signing below, I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Fund Managers and Portfolios Managers registered with the Ontario Securities Commission is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 12, 2024 1832 Asset Management L.P. By: /s/ Kevin Brown Name/Title: Kevin Brown, VP, Asset Management Compliance, Bank of Nova Scotia Page 7 of 8 MD Financial Management Inc. By: /s/ Kevin Brown Name/Title: Kevin Brown, VP, Asset Management Compliance, Bank of Nova Scotia ScotiaMcLeod, a division of Scotia Capital Inc. By: /s/ Kevin Brown Name/Title: Kevin Brown, VP, Asset Management Compliance, Bank of Nova Scotia The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorn

View Full Filing

View this SC 13G filing on SEC EDGAR