Partners Value Split Corp. Announces US$100,000,000 Public Offering of Class AA Preferred Shares, Series 17

Executive Summary

• Partners Value Split Corp. entered into a bought‑deal agreement to sell 4 million Class AA Series 17 Preferred Shares at US$25 per share, targeting gross proceeds of US$100 million.
• The preferred shares carry a fixed 5.25% coupon and mature on January 31, 2033; an underwriter option for up to 1 million additional shares could increase total gross proceeds to US$125 million.
• Net proceeds are earmarked to make distributions to holders of the Company’s capital (common) shares, funded by dividends from its Brookfield securities portfolio.

Key Details

• Offering Size & Price: 4,000,000 Series 17 Preferred Shares @ US$25.00 each → Gross proceeds US$100 million.
• Coupon & Maturity: Fixed coupon 5.25%, final maturity 31 Jan 2033.
• Rating: Provisional Pfd‑2 rating from DBRS Limited (subject to final confirmation).
• Underwriter Option: Up to 1,000,000 additional shares at the same price; full exercise would raise gross proceeds to US$125 million.
• Closing Date: Expected on or about 13 Nov 2025.
• Use of Proceeds: Net proceeds will be used to make distributions to holders of the Company’s capital shares.
• Funding Source: Distributions to be funded by quarterly dividends from the Company’s holdings of approximately 179 million Class A Limited Voting Shares of Brookfield Corp. and 25 million Class A Limited Voting Shares of Brookfield Asset Management Ltd.
• Underwriters Syndicate: Led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets, TD Securities Inc. (bought‑deal basis).
• Contact: CFO Jason Weckwerth – (416) 363‑9491 for inquiries regarding the offering.

Notable Quotes

(No direct quotes were provided in the release.)