The Toronto Stock Exchange reports that Partners Value Split Corp.'s Class AA preferred shares, Series 16, will be listed at 5:01 p.m. on Sept. 10, 2025, for trading at the open on Sept. 11, 2025, under the symbol PVS.PR.U, in U.S. dollars and with Cusip No. 70214J 81 4.

As stated in its prospectus supplement dated Sept. 5, 2025, Partners Value Split is issuing four million Series 16 shares at $25 (U.S.) per share in a public offering that it expects to close before the open on Sept. 11, 2025. The transfer agent and registrar is TSX Trust Company at its principal office in Toronto, and the designated market-maker is W.D. Latimer Co. Ltd.

According to the TSX, Partners Value Split will pay quarterly dividends on the Series 16 shares on or about March 7, June 7, Sept. 7 and Dec. 7 in each year, at $1.35 (U.S.) per Series 16 share per year. The initial dividend payment of 29.96 U.S. cents per Series 16 share will be made on or about Dec. 7, 2025, covering the period from the closing of the offering to Nov. 30, 2025.

The TSX reports that the Series 16 shares may be redeemed by the company at any time on or after March 31, 2030, and prior to March 31, 2032 (the Series 16 redemption date), at a price, which, prior to March 31, 2031, will equal $25.50 (U.S.) per share, plus accrued and unpaid dividends, and which will decline by 50 U.S. cents on March 31, 2031. All Series 16 shares outstanding on the Series 16 redemption date will be redeemed for a cash amount equal to the lesser of $25 (U.S.), plus any accrued and unpaid dividends, and the net asset value per unit.

Notwithstanding the first sentence of the last paragraph, the company may redeem Series 16 shares prior to March 31, 2030, for $26 (U.S.) per share, plus accrued and unpaid dividends, if, and will not redeem Series 16 shares prior to March 31, 2030, unless: (i) capital shares of the company have been retracted; or (ii) there is a takeover bid for the Class A limited voting shares of Brookfield Corp. and the board of directors of the company determines that such bid is in the best interest of the holders of the capital shares.