Core Viewpoint - Partners Value Split Corp. has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid to repurchase up to 10% of the public float of its outstanding Class AA Preferred Shares, with a maximum of 837,980 shares purchasable in any 30-day period [1][4]. Summary by Sections Issuer Bid Details - The normal course issuer bid will be effective from November 28, 2025, to November 27, 2026, or until the completion of the purchases [1]. - The purchases will be executed on the open market through the TSX and alternative Canadian trading systems [1][2]. Series Information - The Company plans to repurchase the following series of Preferred Shares: - Class AA, Series H (Ticker: PVS.PR.H): 600,000 shares - Class AA, Series J (Ticker: PVS.PR.J): 689,900 shares - Class AA, Series K (Ticker: PVS.PR.K): 600,000 shares - Class AA, Series L (Ticker: PVS.PR.L): 600,000 shares - Class AA, Series M (Ticker: PVS.PR.M): 800,000 shares - Class AA, Series U (Ticker: PVS.PR.U): 400,000 shares - Class AA, Series V (Ticker: PVS.PR.V): 500,000 shares [3]. Rationale for the Bid - The Company believes that the market price of its Preferred Shares may not reflect their true value, making the repurchase an appropriate use of available funds [5]. - All Preferred Shares acquired under the bid will be cancelled [5]. Purchase Mechanism - An automatic purchase plan will be established with RBC Capital Markets to facilitate purchases during internal trading blackout periods and in compliance with applicable laws [6].
Partners Value Split Corp. Announces Establishment of Normal Course Issuer Bid
Globenewswire·2025-11-26 11:50