The Toronto Stock Exchange reports that Partners Value Split Corp. will redeem approximately 32.92 per cent of its outstanding Class AA preferred shares, Series 8, on a pro rata basis on May 31, 2024. According to the TSX, the company will redeem the Series 8 shares for $25 per share. The redemption price will not include any amount for accrued dividends payable on June 7, 2024. The record date for the redemption is May 22, 2024.

The TSX reports that separately from the redemption price, the quarterly cash dividend of 30 cents per share will be paid in the usual manner on June 7, 2024, to Series 8 shareholders of record on May 22, 2024, including those whose preferred shares were redeemed on May 31, 2024.

According to the TSX, the Series 8 shares will begin trading at the open on May 8, 2024, on a postredemption basis under the current stock symbol (PVS.PR.F) and Cusip number (No. 70214J 80 6).

For more information, see the company's news release dated May 16, 2024.