The Toronto Stock Exchange reports that Partners Value Split Corp.'s Class AA preferred shares, Series 17, will be listed at 5:01 p.m. on Nov. 12, 2025, for trading at the open on Nov. 13, 2025, under the symbol PVS.PR.V, in U.S. dollars and with Cusip No. 70214J 79 8.
According to the TSX, the listing will cover five million Series 17 shares to be issued to the public at $25 (U.S.) per share, pursuant to the terms of the prospectus supplement dated Nov. 6, 2025. The company expects to close the offering before the open on Nov. 13, 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.
The TSX reports that the company will pay dividends on the Series 17 shares quarterly on March 7, June 7, Sept. 7 and Dec. 7 of each year, at $1.3125 (U.S.) per Series 17 share per year. The initial dividend payment of 38.84 U.S. cents per Series 17 share will be made on March 7, 2026.
According to the TSX, Series 17 shares may be redeemed by the company at any
time on or after Jan. 31, 2031, and prior to Jan. 31,
2033, at a price, which,
prior to Jan. 31, 2032, will equal $25.50 (U.S.) per share, plus
accrued and unpaid dividends, and which will decline by
50 U.S. cents on Jan. 31, 2032. All Series 17 shares
outstanding on the Series 17 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 previous paragraph, the company may redeem Series 17 shares prior
to Jan. 31, 2031, for $26 (U.S.) per share, plus accrued and
unpaid dividends, if, and will not redeem Series 17 shares
prior to Jan. 31, 2031, 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company have been retracted; or (ii) there is a takeover bid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.
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