Partners Value Split Corp. Announces 2024 Annual Results

Partners Value Split Corp. Announces 2024 Annual Results

Benzinga
March 28, 2025

TORONTO, March 28, 2025 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the "Company", TSX:PVS, PVS.PR.H, PVS.PR.I, PVS.PR.J, PVS.PR.K, PVS.PR.L) announced today that the net asset value per unit was $171.41 at December 31, 2024 (December 31, 2023, $124.10). All amounts are in U.S. dollars.

Income available for distribution for the year ended December 31, 2024, was $85 million, compared to $73 million in the prior year. The increase in income was primarily attributable to the increase in dividend rate per share by Brookfield Corporation (the "Corporation") and Brookfield Asset Management Ltd. (the "Manager"). During the year ended December 31, 2024, the Company declared and paid dividends in the amount of $79 million (December 31, 2023, $50 million) to the holders of its capital shares.

The net comprehensive income for the year ended December 31, 2024, of $2.6 billion was primarily driven by unrealized mark-to-market movement on the share prices of the Corporation and the Manager shares. The Corporation share price was $57.45 as at December 31, 2024 (December 31, 2023, $40.12) and the Manager share price was $54.19 as at December 31, 2024 (December 31, 2023, $40.17).

The Company's capital shares, and preferred shares are referred to collectively as units, with each unit consisting of one capital share and one preferred share ("unit"). The net asset value per unit is posted monthly on our website at www.partnersvaluesplit.com.

STATEMENTS OF COMPREHENSIVE INCOME

For the years ended December 31(Thousands of US dollars, except per unit amounts)

2024

2023

Income

Dividend income

$

83,728

$

71,767

Other investment income

1,265

1,817

84,993

73,584

Expenses

Management fees

(18)

(19)

Audit fees

(25)

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