An anonymous director reports

PARTNERS VALUE SPLIT CORP. TO REDEEM ITS CLASS AA PREFERRED SHARES, SERIES 8

Partners Value Split Corp. intends to redeem all 4,023,763 of its outstanding Class AA preferred shares, Series 8, for cash on Sept. 30, 2024, in accordance with the terms of the preferred shares, Series 8.

The redemption price per preferred share, Series 8, will be equal to $25.00 per share plus accrued and unpaid dividends of 10 cents per share to Sept. 30, 2024, representing a total redemption price of $25.10 per share.

Notice will be delivered to holders of the preferred shares, Series 8, in accordance with the terms of the preferred shares, Series 8.

From and after the redemption date, the preferred shares, Series 8, will cease to be entitled to dividends or any other participation in any distribution of the assets of the company, and the holders thereof shall not be entitled to exercise any of their rights as shareholders in respect thereof except to receive the redemption price (less any tax required to be deducted and withheld by the company). After the redemption of the preferred shares, Series 8, the company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

About Partners Value Split Corp.

The company owns a portfolio consisting of approximately 119 million Class A limited voting shares of Brookfield Corp. and approximately 30 million Class A limited voting shares of Brookfield Asset Management Ltd., which are expected to yield quarterly dividends that are sufficient to finance quarterly fixed cumulative preferential dividends for the holders of the company's preferred shares and to enable the holders of the company's capital shares to participate in any capital appreciation of the Brookfield shares. Brookfield is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. This capital is allocated across three core businesses: alternative asset management, wealth solutions and operating businesses, which are in renewable power, infrastructure, business and industrial services, and real estate. Brookfield is listed on the New York and Toronto Stock exchanges under the symbol BN. The company's investment in Brookfield represents approximately an 8-per-cent interest. Brookfield Asset Management Ltd. is a leading global alternative asset manager with approximately $1-trillion of assets under management across renewable power and transition, infrastructure, private equity, real estate, and credit. Brookfield Asset Management is listed on the New York and Toronto Stock exchanges under the symbol BAM. The company's investment in Brookfield Asset Management represents approximately an 8-per-cent interest.