Mr. Jason Weckwerth reports

PARTNERS VALUE SPLIT CORP. ANNOUNCES US$75,000,000 PUBLIC OFFERING OF CLASS AA PREFERRED SHARES, SERIES 16

Partners Value Split Corp. has entered into an agreement to sell three million Class AA preferred shares, Series 16, to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and TD Securities Inc. on a bought deal basis.

The Series 16 preferred shares will be issued at a price of $25 (U.S.) per share for gross proceeds of $75-million (U.S.). The Series 16 preferred shares will carry a fixed coupon of 5.40 per cent and will have a final maturity of March 31, 2032. The Series 16 preferred shares have a provisional rating of Pfd-2 from DBRS Ltd. The net proceeds of the offering will be used by the company to make distributions to the holder of the company's capital shares.

The company has granted the underwriters an option, exercisable in whole or part prior to closing, to purchase up to an additional one million Series 16 preferred shares at the same offering price, which, if exercised in full, would increase the gross offering size to $100-million (U.S.). Closing of the offering is expected to occur on or about Sept. 11, 2025.

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 securities.

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 the Toronto Stock Exchange under the symbol BN.

Brookfield Asset Management is a leading global alternative asset manager with over $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 the Toronto Stock Exchange under the symbol BAM.

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