An anonymous director reports

PARTNERS VALUE INVESTMENTS L.P. ANNOUNCES 2023 ANNUAL RESULTS

Partners Value Investments LP has released its financial results for the year ended Dec. 31, 2023. All amounts are stated in U.S. dollars.

The partnership recorded net income of $15-million for the year ended Dec. 31, 2023, compared with net income of $1.1-billion in the prior year. The decrease in income was primarily attributable to the absence of a one-time special distribution received from Brookfield Corp. in the prior year and lower foreign currency gains and tax recoveries. Income of $6-million was attributable to the equity limited partners, $8-million was attributable to preferred limited partners and $1-million attributable to non-controlling interests. The financial results reflect the impact of the reorganization on Nov. 24, 2023.

As at Dec. 31, 2023, the market prices of a Brookfield and Brookfield Asset Management Ltd. share were $40.12 and $40.17, respectively. As at March 27, 2024, the market prices of a BN and BAM share were $41.58 and $41.80, respectively.

The information in the attached net book value table shows the changes in net book value.

Financial profile

The partnership's principal investments are its interest in approximately 121 million Class A limited voting shares of the corporation and approximately 31 million Class A limited voting shares of the manager. This represents an approximately 8-per-cent interest in the corporation and an 8-per-cent interest in the manager as at Dec. 31, 2023. In addition, the partnership owns a diversified investment portfolio of marketable securities and private fund interests.

We seek Safe Harbor.