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]

Core Viewpoint - Enbridge Inc. will not redeem its Cumulative Redeemable Preference Shares, Series 15 on September 1, 2025, allowing holders to convert their shares into Series 16 Shares under certain conditions [1][2]. Summary by Sections Conversion Rights - Holders of Series 15 Shares can convert their shares into Series 16 Shares on a one-for-one basis on September 1, 2025, unless there are fewer than 1,000,000 Series 15 Shares or Series 16 Shares outstanding after the conversion [1][2]. Dividend Information - The annual dividend rate for Series 15 Shares from September 1, 2025, to September 1, 2030, will be 5.626%, calculated as the five-year Government of Canada bond yield of 2.946% plus 2.68% [3]. - For Series 16 Shares, the quarterly floating rate cumulative preferential cash dividends will start at 1.33882% for the period from September 1, 2025, to December 1, 2025, based on the three-month Government of Canada treasury bill rate [4]. Conversion Period - The conversion period for beneficial holders of Series 15 Shares runs from August 2, 2025, until 5:00 p.m. (EST) on August 18, 2025, and holders are advised to contact their brokers promptly to facilitate the conversion process [5].