Redeeming of Class AA Preferred Shares, Series 9 by Partners Value Split Corporation
Brookfield Asset Management (BAM), a leading global alternative asset manager with over US$1 trillion of assets under management, has announced that Partners Value Split Corp (the Company) plans to redeem all of its 5,996,800 outstanding Class AA Preferred Shares, Series 9 on October 6, 2025.
The redemption price per Preferred Share, Series 9 will be C$25.00 plus accrued and unpaid dividends of C$0.12, totaling C$25.12 per share. Notice of the redemption has been delivered to holders of the Preferred Shares, Series 9. After the redemption, these shares will no longer be entitled to dividends or any distribution of the Company's assets.
Partners Value Investments Inc., which consolidates common shares after exchanging Class AA Preferred Shares, Series 9, is likely linked to major investment or asset management entities such as Brookfield Asset Management, as Partners Value Investments holds a significant stake in such contexts; however, specific detailed identification beyond this connection is not directly provided. After the redemption of the Preferred Shares, Series 9, Partners Value Investments Inc. will consolidate the existing capital shares.
Brookfield Corporation, a global investment firm listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN, is one of the institutions behind Partners Value Investments. The Company owns a portfolio consisting of approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and approximately 25 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (collectively, the Brookfield Shares). The Brookfield Shares are expected to yield quarterly dividends that are sufficient to fund quarterly fixed cumulative preferential dividends for the holders of the Company's preferred shares and enable the holders of the Company's capital shares to participate in any capital appreciation of the Brookfield Shares.
BAM, headquartered in New York, offers a range of investment products to investors worldwide. The Company cautions that the foregoing list of important factors is not exhaustive and investors should carefully consider these and other uncertainties and potential events when relying on the forward-looking information. Forward-looking information in this news release includes statements regarding the redemption of Class AA Preferred Shares, Series 9. The anticipated future results or achievements expressed or implied by the forward-looking information may differ materially due to various risks, uncertainties, and factors. These factors include but are not limited to the financial performance of Brookfield Corporation and BAM, general economic, political, and market factors, and changes in government regulation and legislation.
Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and operating businesses in renewable power, infrastructure, business and industrial services, and real estate. BAM, listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM, draws on Brookfield's heritage as an owner and operator to invest for value and generate strong returns for its clients. The Company emphasizes that investors should carefully consider these and other uncertainties and potential events when relying on the forward-looking information.
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