Partners Value Split Corp. Announces US$75,000,000 Public Offering of Class AA Preferred Shares, Series 16

Core Points - Partners Value Split Corp. has entered into an agreement to sell 3,000,000 Class AA Preferred Shares, Series 16 at a price of US$25.00 per share, resulting in gross proceeds of US$75,000,000 [1][2] - The Series 16 Preferred Shares will carry a fixed coupon of 5.40% and have a final maturity date of March 31, 2032, with a provisional rating of Pfd-2 from DBRS Limited [2] - The company has granted underwriters an option to purchase an additional 1,000,000 Series 16 Preferred Shares, potentially increasing the gross offering size to US$100,000,000 if fully exercised [3] - The net proceeds from the offering will be used to make distributions to the holders of the company's capital shares [2] Company Overview - The company owns approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and about 30 million Class A Limited Voting Shares of Brookfield Asset Management Ltd., which are expected to yield sufficient quarterly dividends to fund the preferred shares' dividends [4] - Brookfield Corporation is a leading global investment firm focused on building long-term wealth through alternative asset management, wealth solutions, and operating businesses in renewable power, infrastructure, and real estate [5] - Brookfield Asset Management Ltd. manages over US$1 trillion in assets across various sectors, aiming to generate attractive long-term risk-adjusted returns for clients and shareholders [6]