Globenewswire·2025-05-20 22:00Financial Performance - The Partnership recorded net income of $24.6 million for the three months ended March 31, 2025, a decrease from $26.3 million in the prior year quarter, primarily due to the absence of foreign currency gains and tax recoveries recognized in the previous year [2] - Investment income increased to $33.7 million in Q1 2025 from $28.1 million in Q1 2024, driven by higher dividends and other investment income [4] - The net book value at the end of the period was $7.57 billion, down from $8.38 billion at the beginning of the period, with a per unit value of $96.32 compared to $102.80 [4] Investment Holdings - The Partnership holds approximately 121 million Class A Limited Voting Shares of Brookfield Corporation (BN) and 31 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. (BAM), representing about 8% and 2% interests in BN and BAM, respectively [6] - As of March 31, 2025, the market prices for BN and BAM shares were $52.41 and $48.45, respectively, compared to $57.45 and $54.19 at the end of 2024 [3][10] Consolidated Financial Position - Total assets as of March 31, 2025, were $8.97 billion, a decrease from $9.64 billion at the end of 2024, with cash and cash equivalents increasing to $308.1 million from $157.0 million [7] - Total liabilities increased to $1.34 billion from $1.20 billion, with preferred shares rising to $1.07 billion from $939.1 million [7]