An anonymous director reports

PARTNERS VALUE INVESTMENTS L.P. ANNOUNCES Q1 2024 INTERIM RESULTS

Partners Value Investments LP has released its financial results for the three months ended March 31, 2024. All amounts are stated in U.S. dollars.

The partnership recorded net income of $26.3-million for the three months ended March 31, 2024, compared with net income of $7.3-million in the prior-year quarter. The increase in income was primarily driven by the higher dividend income, foreign currency gains and tax recoveries. Income of $24.7-million was attributable to the equity limited partners, and $1.6-million was attributable to preferred limited partners.

As at March 31, 2024, the market prices of a Brookfield Corp. (BN) and Brookfield Asset Management Ltd. (the manager, BAM) share were $41.87 and $42.02, respectively. As at May 16, 2024, the market prices of a BN and BAM share were $44.64 and $39.97, respectively.

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 approximately an 8-per-cent interest in the corporation and an 8-per-cent interest in the manager as at March 31, 2024. In addition, the partnership owns a diversified investment portfolio of marketable securities and private fund interests.

The information in the associated table has been extracted from the partnership's consolidated statements of financial position.

We seek Safe Harbor.