Partners Value Split Corp. Announces Establishment of Normal Course Issuer Bid

Executive Summary

• Partners Value Split Corp. received TSX approval to commence a normal‑course issuer bid to repurchase up to 10 % of the public float of each series of its Class AA Preferred Shares, targeting a maximum of 837,980 shares in any 30‑day period.
• The bid runs from November 28 2025 through November 27 2026 (or earlier if purchases are completed), with purchases executed on the open market via RBC Capital Markets at prevailing market prices.
• All repurchased Preferred Shares will be cancelled; the company may use available funds for this purpose, believing the market price may not fully reflect intrinsic value.

Key Details

• Bid Authorization: Up to 10 % of public float per series (total maximum 837,980 shares) can be purchased in any 30‑day window, representing 2 % of each series’ outstanding shares.
• Series‑Specific Maximums:
• Series 10 (PVS.PR.H): 600,000 shares
• Series 12 (PVS.PR.J): 689,900 shares
• Series 13 (PVS.PR.K): 600,000 shares
• Series 14 (PVS.PR.L): 600,000 shares
• Series 15 (PVS.PR.M): 800,000 shares
• Series 16 (PVS.PR.U): 400,000 shares
• Series 17 (PVS.PR.V): 500,000 shares
• Purchase Mechanics: Executed through RBC Capital Markets on the TSX and/or alternative Canadian trading systems; price paid equals market price at time of acquisition.
• Automatic Purchase Plan: Company will enter an automatic purchase arrangement with RBC to allow purchases during periods when internal blackout rules would otherwise prevent trading.
• Cancellation: All acquired Preferred Shares will be cancelled, reducing outstanding share count.
• Rationale: Management believes the market may undervalue the Preferred Shares and that repurchasing them is a suitable use of available capital.

Notable Quotes

(No direct quotes were provided in the release.)