WIXLIB

3.bStudy from Foster and Foster, Actuarial Analysis of Investment ReturnAssumptionExhibits:Cover PagePunta Gorda Fire 2022 investment return studyMr. Patrick Donlan, Foster and Foster, stated the investment return assumptionwas currently at 7.6%, recalling members had asked how much same could belowered so that the City’s costs remained the same for the next year. Heindicated the Investment Return Assumption Study determined the City’srequirements for the current year was approximately 338,516, explaining thebalance from the City would be slightly less than the previous year if theassumption was decreased to 7.45%.Ms. Kristin Simeone, Finance Director, briefly explained the City’s budgetprocess, which included inflationary factors, noting she did not see any issueswith lowering the assumption.Mr. Baird questioned whether lowering the investment assumption lowered therisk to the City.Ms. Simeone replied affirmatively. She verified the General Employees’ PensionBoard was at 6.75% and the Police Officers’ Pension Board was at 7%, opining itwas a suitable time to lower the assumptions based on the projections.Mr. Donlan advised the Board could make a motion to revise the fundingvaluation for October 1, 2021, with a 7.45% interest rate.Mr. Baird MOVED to approve doing so, SECONDED by Mr. Gerow.MOTION UNANIMOUSLY CARRIED.3.cOrdinance Change and Impact Statements, Reference Firefighter ContractExhibits:Cover PageLetter of No Impact, Pop-Up, PriaPunta Gorda Fire 03312021 study, 3-3.5%3.5 Multiplier- 9.5 Contrib PRIA Pop Up Ord (22Feb2022)Mr. Donlan announced a study was completed in April 2021 to evaluateincreasing the benefit accrual rate for service after the effective date, explainingthe multiplier would increase to 3.5% and the members’ contribution rate wouldincrease to 9.5%. He indicated the final impact statement would reflect the newinterest rate in the 2021 valuation, inquiring as to the date of first reading of theordinance.Mr. Briggs replied as soon as possible, confirming the Board Attorney completedthe update to the ordinance.Ms. Simeone indicated she had suggestions relating to the wording for the draftordinance that were forwarded to the Board Attorney, verifying the effective datewould be backdated to October 1, 2021.Discussion ensued regarding the status of the draft ordinance, with Ms. Simeonehighlighting some of the wording discrepancies that needed to be addressed.Mr. Albers verified the ordinance would not need to return to the Board for finalapproval.Mr. Donlan stated the proposed ordinance could be approved pending minorchanges.7

Mr. Briggs MOVED to approve the ordinance pending minor changes and todirect Mr. Donlan to complete an actuarial impact statement, SECONDED by Mr.Jones.MOTION UNANIMOUSLY CARRIED.3.dFlorida Statutes, Section 112.664 Compliance Report, prepared by Foster andFosterExhibits:Cover Page02-25-22 112.664 Compliance 2021 PuntaGordaFireMr. Briggs indicated the Compliance Report was included for members to review.Mr. Donlan verified discussion was not needed regarding same, noting the reportwas required by the State and was completed annually.MEMBER COMMENTSMr. Briggs announced he was retiring in October 2022, explaining his intention was to resignfrom the Board on May 1, 2022, and train his replacement prior to his retirement.Mr. Baird added there were other training opportunities for members as well.Ms. Simeone questioned if the Board intended to hire a third-party administrator for the plan.Mr. Briggs responded the plan would remain self-administered at this time.Mr. Holden Gibbs inquired as to the status of the online employee portal.Ms. Simeone responded the information for same had been submitted a month ago.ADJOURNMENTThe meeting was adjourned at 10:20 a.m.ChairRecording Secretary8

FIREFIGHTERS' PENSION BOARDCITY OF PUNTA GORDA06/16/2022REPORTSTitle:AndCo Consulting: Teleconference with Brookfield Asset ManagementFunds:Not applicable.Recommended Action:No action required.Summary:Telephone conference/presentation to be provided by TheodoreBuchsbaum of Brookfield Asset Management. Topics include an updateon BSIP fund and outlook going forward.Department/Division:FireEXHIBITS:1. Brookfield Super-Core Infrastructure Partners Fund Overview9

Brookfield Super-CoreInfrastructure Partners (BSIP)F U N D O VE R VI E WJ UNE 2 0 2 210

A Leading Global Alternative Asset ManagerSignificant global operating experience and a responsible owner of high-qualityassets and businesses 725B 180,000 1,000ASSETS UNDER MANAGEMENT*,1OPERATING EMPLOYEES2INVESTMENT PROFESSIONALS2InfrastructureRenewable Power &TransitionReal EstatePrivate EquityCredit & InsuranceSolutions 140B AUM 68B AUM 256B AUM 105B AUM 151B AUMPlease refer to endnotes at the end of the presentation .211

Brookfield’s Infrastructure BusinessWe are one of the world’s largest investors, owners and operators ofinfrastructure assets that deliver essential goods and servicesKEY SECTORSCANADA 36B AUMEUROPE & MIDDLE EAST 36B AUMRenewable Power 68B AUMUtilities 46B AUMASIA PACIFIC 38B AUMTransport 32B AUMUNITED STATES 55B AUMDataSOUTH AMERICA 26B AUM 37B AUMMidstream 24B AUMPlease refer to endnotes at the end of the presentation. 35047,000 1MANAGEDAUM2312

Brookfield’s Established Infrastructure StrategiesThree differentiated strategies with attractive risk-adjusted return targetsBrookfield’s Infrastructure Investment FocusBID FundsBIF FundsBSIP“PE-Style”Core PlusTARGET RETURNCoreMezzanine CreditSenior DebtRISKStructureTarget IRR1Closed-end6–9%4–6%/GrossNetOpen-end 9%/Gross 8%NetClosed-end13% 10% /GrossNetTarget Asset Yield14–6% 5–6%No stated target*Geography2GlobalPrimarily OECDcountriesGlobalPlease refer to endnotes at the end of the presentation.*The BIF Funds do not have a stated target for initial cash yield for investments. Overall risk-return profile is considered as part of portfolio construction, however, initialasset yield is not a primary focus. The BIF Funds have historically generated annualized cash yields of 5% within a few year s of initial investment.413

Our Environmental, Social and Governance Principles1We manage our investments with integrity, balancing economic goals withresponsible citizenship. Our approach to ESG is based on the following guidingprinciples:Mitigate theimpact of ouroperations onthe environmentEnsure thewell-being andsafety ofemployeesPlease refer to endnotes at the end of the presentation.Uphold stronggovernancepracticesBe goodcorporatecitizens514

Brookfield Super-Core Infrastructure Partners615

Brookfield Super-Core Infrastructure PartnersBSIP is an open-end fund that targetslower-risk, essential infrastructure assetsStrategy Highlights Builds upon Brookfield’s 120-plus year history as an ownerand operator of infrastructure assets Invests in mature core infrastructure assets withpredominately contracted or regulated cash flows Targets a portfolio of high-quality, core infrastructure assetslocated primarily in North America, Western Europe, andAustralia Focuses on sectors where Brookfield has establishedoperating expertise and a sourcing advantage Emphasis on investments with the following characteristics:IncomeInflation ProtectionDownside ProtectionSustainabilityLong DurationDiversificationPlease refer to endnotes at the end of the presentation. 7.1B 6.7BFUND SIZE1DEPLOYEDACTUALRETURNS3,4TARGETRETURNS2GROSS RETURN9.8%5 9%NET RETURN7.9%6 8%ASSET YIELD9.0%7 5%–6%716

Not All Infrastructure is Created Equal1,2BSIP is differentiated with an emphasis on lower-risk, essential infrastructure witha strong visibility of cash flowsPRIMARY FOCUSNorth America, WesternEurope, AustraliaOther OECD countriesEmerging MarketsPredominantly contractedor regulatedPartially contractedor regulatedDependent on volumeand priceVolume and PricingSensitivityLowMediumHighOperational MaturityMatureMaturingUnder lizationRestructuring 50% of target return 50% of target return orless-stable distributionsProlonged period ofreduced distributions priorto cash generationGeographyCash Flow ProfileInitial Asset YieldLowerPlease refer to endnotes at the end of the presentation.RiskHigher817

Established Investment Approach1BSIP targets mature core infrastructure assets with a focus on current yield,inflation protection, and value4.5–6.0%1.5–2.5%1.0–1.5%IN-PLACECASH YIELDINFLATION-PROTECTEDAND EMBEDDED GROWTHLOWER-RISK OPERATIONALVALUE-ADDCharacteristic of coreassets that BSIP targetsAchieved throughcontracted or regulatedcash flow streamsDriven by Brookfield’sdepth of operatingexpertisePlease refer to endnotes at the end of the presentation. 9%TARGETGROSS IRR918

Consistent Performance Since InceptionBSIP has delivered consistent and stable returns, and is performing in line withexpectationsOne-Year (LTM) InvestmentTotal Returns (Gross)1,2,3,5Fund Performance – Q1 2022One YearSince Inception(Annualized)9.7%9.8%Total Return (Gross) 59.3%9.0%Total Return (Net) 58.1%7.9%Fund – Distribution Yield9.0%8.4%Fund – Adj. Distribution Yield*6.7%6.0%Time Weighted ReturnsInvestment1,2,3Total Return (Gross)4Fund1,2 9% Target ReturnCash Yield6InceptionPlease refer to endnotesat the end of the presentation.*Excludes nonrecurring proceeds distributed to investors.Q1 20221019

Organizational Matrix Leverages Brookfield’s Operating GroupsInvestment Committee1Bruce FlattSam Pollock 2Connor Teskey2Sachin ShahAnuj RanjanBrian KingstonJohn StinebaughBill Pow ellCEO,BAMCEO,InfrastructureCEO,Renewable PowerCIO,BAMCEO, South Asia &Middle EastCEO,Real EstateVice ChairInfrastructureCOO,Real EstateDedicated BSIP Senior Executive TeamEduardo SalgadoManaging PartnerMichael BothaManaging DirectorFelipe OrtizManaging DirectorNatalie HadadManaging DirectorHarry GoldgutVice Chair & Senior AdvisorFully Integrated Investment Team and Operating Platform 350 professionals in 20 offices globally3REGIONAL HEADSSENIOR INVESTMENTOFFICERSOPERATING PARTNERSSam PollockCEO, InfrastructureScott PeakNorth AmericaBen VaughanCOO, InfrastructureDavid KrantCFO, InfrastructureRene LubianskiHead of IR & StrategicInitiativesConnor TeskeyCEO, Renew able Pow erJehangir VevainaNorth AmericaRuth KentCOO, Renew able Pow erAaron KlineHead of TaxJennifer MazinRenew able General CounselBrian BakerNorth AmericaRodrigo FrancoSouth AmericaMark MurskiNorth AmericaMichael MurneyCFO, Private FundsJeff RosenthalChief Risk Officer & Head ofESGMarcos Alm eidaSouth AmericaSikander RashidEuropeCarlos CastroSouth AmericaChloe BerryCapital Markets & TreasuryMelissa LowInvestor Relations & ESGPaul SimNorthern EuropeIgnacio Paz-ArezAldanondoEuropeGabriele MontesiEuropeAlexandra CohlCapital MarketsSophia HannaHead of IT & CybersecurityAlfredo Zam arriegoSouthern EuropeRay NeillAsia PacificJonathon SellarAsia PacificShelley DoyleTreasuryMegan KultgenLegal & RegulatoryStew art UpsonAsia PacificArpit Agraw alIndia & Middle EastMihir NerurkarIndiaLaura ClarkFinance, ValuationsKateryna YasonPortfolio Management, LegalRiskEXTENSIV E INFRASTRUCT URE PLATFORM15857134InvestmentProfessionals 3Portfolio ase refer to endnotes at the end of the presentation.1120

High-Quality PortfolioBSIP has deployed over 6.5 billion across a portfolio of high-quality, coreinfrastructure investments consistent with its investment strategySite-ControlInfrastructureCove PointAvailabilityBasedInfrastructureNationalTransm issionSystemTelia Tow erPartnersAusNetSGNFirstEnergyTransm issionInvestm ent ilityinto cash flow s26 years17 years19 years19 years18 yearsRegulatedRegulatedRegulatedHighly developedcountriesU.S.U.S.SpainUAEFinland,Sw eden &Norw ayAustraliaU.K.U.S.Attractivecash yield 6% 6% 8% 11% 4% 5% 5% 5%70 years40 years19 years19 yearsPerpetualPerpetualPerpetualPerpetualLong durationassetsLong-term ContractedRegulatedTake-or-pay provisionsMature regulatory frameworksHigh quality counterpartiesGrowth marketsInflation protectionInflation protectionLow volume & price exposureLow volume & price exposure1221Please refer to endnotes at the end of the presentation.

Well Diversified PortfolioPortfolio construction is largely focused on a mix of regulated and long-termcontracted cash ureTelia Tower Partners – FinlandTelia Tower Partners – Norway2% 5%Telia Tower Partners – Sweden5%National Transmission System3%Availability-BasedInfrastructure (6%)Cove Point11%AusNet – Electricity Transmission(Long-Term Contracted)4% 2%12%AusNet – Electricity Distribution(Regulated)7% 6.7B3%6%FirstEnergy Transmission– West Virginia/VirginiaAusNet – Gas Distribution(Regulated)62%RegulatedSGN – Scotland4%12%12%FirstEnergy Transmission – Ohio5%FirstEnergy Transmission– PennsylvaniaPlease refer to endnotes at the end of the presentation.AusNet – ElectricityTransmission (Regulated)SGN – Southern EnglandSGN – NorthernIreland ( 1%)1322

Pipeline – Attractive Market Opportunity1,2,3Market trends continue to drive opportunities that fit BSIP’s core infrastructure focus 25B 30 TOTAL PIPELINEPOTENTIAL TRANSACTIONSRevenue Profile42%58% Aging utilities require significant capital Global decarbonization initiatives One in 100-year data investment opportunityRegulatedLong-Term ContractedRegion6% Midstream sector cycling out of assets32%62% Reevaluation of transport sector exposureEuropePlease refer to endnotes at the end of the presentation.North AmericaAustralia & Other1423

Why Invest in BSIP?1A capital preservation strategy with a focus on current ioBenefitsDistinct coreinfrastructure offeringA leading globalinfrastructure managerAttractive cash yield,inflation protection, anddiversificationWe emphasize lower risk,essential infrastructurewith strong visibility ofcashflowsOperational expertiseprovides proprietary dealflow, underwriting, andasset managementadvantagesPlease refer to endnotes at the end of the presentation.Low volatility andlong-duration assetsoperated sustainably21524

Appendix1625

Summary of Key Terms1Target ReturnsGross IRR of 9% (Net IRR of 8%)1Target YieldAsset yield of 5–6%1Minimum Investment 5 millionStructureOpen-endedTermPerpetualInvestor LiquidityQuarterly (based on available liquidity)Redemption Lockout Period3 yearsFee Structure 2Base management fee calculated on NAV as follows:2 0.75% 100 million 0.69% 100 million and 300 million (7.5% discount) 0.64% 300 million (15% discount) 0.25% variable fee calculated as 5% of distributions from operationsAsset ValuationQuarterlyIndependent ValuatorKPMGNote: The information provided herein is presented as a summary of certain key terms of the Fund only and is qualified in its entirety by reference to the PPM and theFund’s governing documents. Please refer to, and review carefully, such documents prior to making an investment in the Fund. The 0.25% Variable Fee presented hereinis based on various assumptions made by Brookfield including, among others, the Fund generating a 5% distribution yield. The actual variable fee allocation may differfrom the percentage presented herein. Additional information about the assumptions used and fees presented are available upon request.Please refer to endnotes at the end of the presentation.1726

Brookfield’s ESG CommitmentWe are committed to responsible investment practices and transparency with ourstakeholders ESG principles are embedded within our processes and incorporated throughout theinvestment life cycle Brookfield’s ESG Steering Committee enables senior representatives across theorganization to share best practices and coordinate initiatives We are committed to providing transparent and timely information on ESG activities toour investors We require portfolio companies to implement ESG practices that are consistent with ourprinciples1 Our business is aligned with leading industry frameworksNZAMPlease refer to endnotes at the end of the presentation.1827

Integrating ESG into the Investment Process1We integrate ESG into all aspects of investment decision-making and ongoingportfolio managementDue DiligenceInvestment CommitteeApproval Utilize our internal ESGGuideline, which incorporates theSASB Engagement Guide, todefine project scope and conductinitial screen of ESG issues Each investment must beapproved by the applicableInvestment Committee, whichmakes its decision based on aset of predetermined criteria Ensure compliance withapplicable ESG standards viadesktop review of publicinformation, followed by selectsite visits Investment teams prepare adetailed memorandum, outliningthe merits, risks and mitigants ofthe investment Determine where to engage thirdparties with technical andgeographical expertise Identify ESG value-creationopportunitiesPlease refer to endnotes at the end of the presentation. The Investment Committeemakes investment decision,factoring in the identified ESGfactors, such as bribery andcorruption risks, health andsafety risks and other ESGconsiderationsOngoing Management Investment teams create tailoredintegration plans that activelylook to advance ESG initiativesand improve ESG performanceto drive long-term value creationand to manage any ESG risks It is the responsibility of themanagement teams within eachportfolio company to manageESG risks and opportunitiesthrough the investment’s lifecycle, supported by theinvestment team responsible forthe investment1928

ESGESG in Action at Our Portfolio CompaniesESG has always been fully integrated into how we operate our businessesCove PointNational Transmission SystemSite-Control InfrastructureProtection of Marsh LandsCarbon SequestrationRenewable Power Generation Cove Point, is in the ChesapeakeBay and occupies approximately15% of the over 1,000-acre plant site One of the largest East Coastfreshwater marshes is located on thesiteSite-Control Infrastructure focuseson the importance of renewablepower generation and the shifttowards decarbonization Our business model helps financerenewable power projects byproviding owners with up-frontcapital in return for ownership of theland Approximately 30% of the businessunderpins critical solar and windenergy renewable power assets The marsh is home to 40 threatenedspecies and is designated as aMaryland Natural Heritage Space Cove Point restored the previouslystorm damaged marsh, constructinga 30,000-tonne rock barrier tomaintain the fresh water on acontinuous basis The facility uses a zero-dischargedesign that is the first of its kind for aliquified natural gas facilityNational Transmission System isresearching and developing a seriesof technologies focused on thedevelopment of commercial‐scaleprojects for carbon capture usageand storage One project will utilize and sequesterapproximately 800,000 tonnes ofCO2 each year In line with their target of reducingemissions intensity by 25%, NationalTransmission System aims to reduce5 million tonnes of CO2 every yearby 2030 National Transmission System isalso exploring the use of opticaldrones to monitor flaring with thegoal to reduce emissions2029

Site-Control InfrastructureLong-term contracted site-control assets located across the United StatesAsset Overview Portfolio of approximately 1,400 long-term contracted site-control assets, primarily dedicatedto the telecommunication and renewable power sectorsInvestment Thesis1 Stab le and secure cash flow profile: Long-term contracted revenues (27 years on average)with low re-contracting risk, high cash yield, and minimal capital expenditure requirements Inflation protection: Contractual revenue escalators above current CPI with potential priceuplift during contract renewals Diversification: Highly diversified portfolio across sectors (telecommu

the status of Allspring since transitioning from Wells Fargo, noting Wells Fargo retained 9.99% ownership stake in the company. He indicated there were minor changes within the organizational structure of the firm, with the primary change being the branding. He stated the firm's assets remained stable around 575