Brookfield Infrastructure's

Brookfield Infrastructure Corporation operates in a competitive market for acquisition opportunities, facing competition from investment funds, operating companies acting as strategic buyers, construction companies, commercial and investment banks, and commercial finance companies. Many competitors are larger and possess greater financial, technical, and marketing resources. Some competitors may have higher risk tolerances or different risk assessments, enabling them to pursue a broader range of acquisitions and offer terms that Brookfield Infrastructure Corporation may be unable or unwilling to match. The capital-intensive nature of infrastructure acquisitions requires competing for equity capital from institutional investors and other equity providers, including Brookfield. Increases in interest rates could make acquisitions more challenging, as competitors with a lower cost of capital may bid higher prices. Additionally, Brookfield Infrastructure Corporation's affiliation with Brookfield may expose it to antitrust or competition laws when participating in joint ventures, partnerships, and consortiums, potentially creating competitive disadvantages. There is no assurance that these competitive pressures will not materially adversely affect the company's business or its ability to identify and complete acquisitions consistent with its objectives or generate attractive returns.