Securityholders will have been provided with a statement setting out the cash received from the merger. The value of the BIP units received as capital proceeds from the merger per Prime Infrastructure stapled security are set out below. The cost base (or reduced cost base) is the amount that a Securityholder paid for the Prime Infrastructure stapled securities adjusted for any tax deferred amounts received from Prime Infrastructure. The capital proceeds is the amount that a Securityholder received from the merger. For Australian tax resident Securityholders the CGT consequences are determined by comparing the capital proceeds from the merger with the cost base (or reduced cost base) of the Prime Infrastructure stapled securities. The disposal of stapled securities is a capital gains tax (CGT) event. Disposal of Prime Infrastructure Stapled Securities Refer to section 10 of the Scheme Booklet for more details. There are terms below which have tax and legal meanings which may differ from general interpretation. Regardless of what consideration Securityholders received, public Securityholders no longer hold Prime Infrastructure stapled securities. (BIP) in exchange for either cash, cash and units in BIP or solely units in BIP. The merger resulted in Securityholders disposing of their Prime Infrastructure stapled securities to Brookfield Infrastructure Partners L.P. Securityholders should obtain their own tax advice. It is not tax advice Securityholders can rely on. Set out below is a summary of the general tax consequences for Securityholders. A more detailed explanation of the general income tax consequences of the merger can be found in section 10 of the Scheme Booklet.
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