An anonymous director reports

PARTNERS VALUE INVESTMENTS INC. ANNOUNCES NORMAL COURSE ISSUER BIDS

Partners Value Investments Inc., a subsidiary of Partners Value Investments LP, has received approval from the TSX Venture Exchange for normal course issuer bids to purchase up to 1,396,407 of its share purchase warrants, representing approximately 5 per cent of its currently outstanding warrants; and to purchase up to 3,533,558 of its Class A preferred shares, Series 1, representing approximately 5 per cent of its currently outstanding preferred shares. The bids will be effective from Feb. 14, 2025, to Feb. 13, 2026, or such earlier date that the corporation completes its purchases.

Purchases by the corporation pursuant to the bids will be made by its designated broker, RBC Capital Markets, through the facilities of the exchange, other designated exchanges and alternative trading systems in Canada. The price which the corporation will pay for any warrants or preferred shares purchased will be the market price of the warrants and preferred shares at the time of acquisition. Any warrants and preferred shares acquired through the bids will be cancelled. As of Jan. 31, 2025, there were 27,928,149 warrants and 70,671,137 preferred shares outstanding.

The corporation believes that, from time to time, the market price of the warrants and preferred shares may not adequately reflect their value. In such circumstances, the corporation believes that its outstanding warrants and preferred shares may represent an appropriate and desirable use of its available funds.

In connection with the bids, the corporation will enter into an automatic purchase plan with its designated broker on Feb. 13, 2025. The automatic purchase plan will allow for the purchase of warrants and preferred shares when the corporation would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside of these periods, warrants and preferred shares will be repurchased in accordance with management's discretion and in compliance with applicable law.

We seek Safe Harbor.