An anonymous director reports

PARTNERS VALUE SPLIT CORP. TO REDEEM ITS CLASS AA PREFERRED SHARES, SERIES 11

Partners Value Split Corp. intends to redeem all of its six million outstanding Class AA preferred shares, Series 11, for cash on April 22, 2025 (the redemption date), in accordance with the terms of the preferred shares, Series 11.

The redemption price per preferred share, Series 11, will be equal to $25.00 per share plus accrued and unpaid dividends of 17 cents per share to April 21, 2025, representing a total redemption price of $25.17 per share (the redemption price).

Notice has been delivered to holders of the preferred shares, Series 11 in accordance with the terms of the preferred shares, Series 11.

From and after the redemption date, the preferred shares, Series 11 will cease to be entitled to dividends or any other participation in any distribution of the assets of the company and the holders thereof shall not be entitled to exercise any of their rights as shareholders in respect thereof except to receive the redemption price (less any tax required to be deducted and withheld by the company). After the redemption of the preferred shares, Series 11, the company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

About Partners Value Split Corp.

The company owns a portfolio consisting of approximately 120 million Class A limited voting shares of Brookfield Corp. and approximately 30 million Class A limited voting shares of Brookfield Asset Management Ltd., which are expected to yield quarterly dividends that are sufficient to finance quarterly fixed cumulative preferential dividends for the holders of the company's preferred shares and to enable the holders of the company's capital shares to participate in any capital appreciation of the Brookfield shares.

Brookfield Corp. is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. Brookfield Corp. has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in renewable power, infrastructure, business and industrial services and real estate. Brookfield Corp. is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN.

Brookfield Asset Management is a leading global alternative asset manager, headquartered in New York, with approximately $1-trillion (U.S.) of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. Brookfield Asset Management's objective is to generate attractive, long-term risk-adjusted returns for the benefit of its clients and shareholders. Brookfield Asset Management is listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM.

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