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Partners Value Split Corp. Announces Completion of US$125,000,000 Public Offering of Class AA Preferred Shares, Series 17
Globenewswireยท 2025-11-13 14:00
Core Points - Partners Value Split Corp. completed an offering of 5,000,000 Class AA Preferred Shares, Series 17, raising gross proceeds of US$125 million at a price of US$25.00 per share [1] - The Series 17 Preferred Shares offer a 5.25% annualized yield and have a maturity date of January 31, 2033 [1] - The net proceeds from the offering will be used for distributions to the holders of the Company's capital shares [2] Company Overview - The Company holds approximately 179 million Class A Limited Voting Shares of Brookfield Corporation and about 25 million Class A Limited Voting Shares of Brookfield Asset Management Ltd., which are expected to provide sufficient dividends to cover the preferred shares' dividends [3] - Brookfield Corporation is a global investment firm with three core businesses: alternative asset management, wealth solutions, and operating businesses in renewable power, infrastructure, and real estate [4] - Brookfield Asset Management Ltd. manages over US$1 trillion in assets across various sectors, including infrastructure and private equity, and is known for generating strong returns for its clients [5]