Legal Proceedings
From time to time we are a party to various legal proceedings, including claims, suits and government proceedings and investigations arising in connection with the normal course of our business. For a discussion of legal proceedings, refer to Note 15 - "Contingencies" to the Consolidated Financial Statements included in this Annual Report.
Common Share Dividend Policy
We periodically pay dividends on our common shares which are wholly owned by a subsidiary of Brookfield Infrastructure. Dividends will be payable when, and as declared by the Company's Board of Directors out of any funds legally available for the payment of such dividends, subject to the dividend rights of any preference shares outstanding that may exist from time to time. The Board has the power to declare dividends or distributions out of contributed surplus, and to pay any fixed cash dividend whenever the position of the Company justifies such payment. For further detail of our common share dividends, refer to Note 11 - "Other Equity Matters – Dividends" in our Consolidated Financial Statements in this Annual Report.
Preference Share Dividend Policy
Dividends on each of our outstanding series of preference shares are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by the Company's Board. Dividends will be payable equal to the stated rate per annum of the $25.00 liquidation preference per share. Each series of preference shares ranks senior to the Company's common shares with respect to dividend rights and rights upon the Company's liquidation, dissolution or winding up, whether voluntary or involuntary. For further detail on our preference share dividends, refer to Note 11 - "Other Equity Matters – Dividends" in our Consolidated Financial Statements in this Annual Report.
B. Significant Changes
Except as disclosed in this Annual Report, no significant changes have occurred since December 31, 2024, which is the date of our audited Consolidated Financial Statements included in this Annual Report.
