SCHEDULE 13G/A: Principal Global Investors and Principal Funds Amend SEC Filing on Brookfield Infrastructure Partners Ownership

Principal Global Investors, LLC and Principal Funds, Inc. filed an amended Schedule 13G, disclosing their beneficial ownership in Brookfield Infrastructure Partners L.P. and correcting a previous submission by including a joint filing agreement.

Summary

• Principal Global Investors, LLC (PGI) and Principal Funds, Inc. (PFI) jointly filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership of Limited Partnership Units in Brookfield Infrastructure Partners L.P.
• The amendment was filed to correct a previous submission from February 10, 2025, which did not include the required joint filing agreement (Exhibit 99.1).
• As of December 31, 2024, Principal Global Investors, LLC beneficially owned 26,675,618 Limited Partnership Units, representing 5.8% of the class, with shared voting and dispositive power over these shares.
• As of December 31, 2024, Principal Funds, Inc. beneficially owned 23,420,381 Limited Partnership Units, representing 5.1% of the class, with shared voting and dispositive power over these shares.
• The Principal MidCap Fund, a series of Principal Funds, Inc., held 23,420,381 shares, accounting for 5.1% of the class.
• Both PGI and PFI certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing (Schedule 13G amendment) disclosing beneficial ownership. It provides factual information about institutional holdings but does not contain performance data, strategic updates, or forward-looking statements from the issuer that would typically influence sentiment. The correction of a previous filing is a procedural matter.

Positives

• The disclosure of significant beneficial ownership by institutional investors (Principal Global Investors, LLC and Principal Funds, Inc.) in Brookfield Infrastructure Partners L.P. indicates a notable level of institutional confidence or investment interest in the company.

Future Outlook

NA

Management Comments

• "This correction amendment is being filed as previous submission filed on 2/10/25 did not include joint filing agreement exhibit 99.1 attachment."
• "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, other than activities solely in connection with a nomination under ?? 240.14a-11."

Industry Context

This filing is a standard regulatory disclosure of significant beneficial ownership by institutional investment managers. It does not provide specific industry context beyond identifying Brookfield Infrastructure Partners L.P. as the issuer, which operates in the infrastructure sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed positively as a vote of confidence from large investors.
• Regulatory Authorities: Ensures compliance with SEC disclosure requirements regarding beneficial ownership.

Key Dates

Keywords

Brookfield Infrastructure Partners L.P., Limited Partnership Units, Schedule 13G, Beneficial Ownership, Principal Global Investors, Principal Funds Inc., Institutional Investment, SEC Filing, G16252101