.jpg)
1 hour ago
4
Article content
TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”, TSXV:PVF.UN, PVF.PR.U) announced today its financial results for the three and six months ended June 30, 2026. All amounts are stated in United States dollars (“US dollars”).
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The Partnership recorded net income of $15 million for the three months ended June 30, 2026, compared to a net loss of $6 million in the prior year period. The increase in income was primarily driven by foreign currency translation gains and higher investment income, partially offset by higher valuation losses on our investment portfolio. Net income of $12 million was attributable to the Equity Limited Partners, and net income of $3 million was attributable to Preferred Limited Partners.
Article content
Article content
Article content
The Partnership recorded net income of $46 million for the six months ended June 30, 2026, compared to $18 million in the prior year period. The increase in income was primarily due to the same factors described above. Net income of $41 million was attributable to the Equity Limited Partners, and net income of $5 million was attributable to Preferred Limited Partners.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
As at June 30, 2026, the market price of a Brookfield Corporation (“BN”, NYSE/TSX: BN) share and a Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM) share was $42.59 and $44.85, respectively. As at August 14, 2026, the market price of a BN share and a BAM share was $43.85 and $54.31, respectively.
Article content
Unaudited Interim Condensed Consolidated Statements of Operations
Article content
| For the periods ended June 30, (Thousands, US Dollars) | Three months ended | Six months ended | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||
| Investment income | ||||||||||||||||
| Dividends | $ | 29,381 | $ | 26,241 | $ | 58,893 | $ | 52,800 | ||||||||
| Other investment income | 8,861 | 6,450 | 17,350 | 13,629 | ||||||||||||
| 38,242 | 32,691 | 76,243 | 66,429 | |||||||||||||
| Expenses | ||||||||||||||||
| Operating expenses | (883 | ) | (1,048 | ) | (2,068 | ) | (2,400 | ) | ||||||||
| Financing costs | (4,334 | ) | (2,501 | ) | (7,184 | ) | (4,918 | ) | ||||||||
| Preferred share dividends | (12,558 | ) | (11,567 | ) | (25,483 | ) | (21,608 | ) | ||||||||
| (17,775 | ) | (15,116 | ) | (34,735 | ) | (28,926 | ) | |||||||||
| Other items | ||||||||||||||||
| Investment valuation gains (losses) | (3,736 | ) | (1,218 | ) | (6,489 | ) | 5,994 | |||||||||
| Amortization of deferred financing costs | (1,012 | ) | (1,246 | ) | (2,031 | ) | (2,158 | ) | ||||||||
| Foreign currency gains (losses) | (94 | ) | (19,757 | ) | 14,082 | (19,881 | ) | |||||||||
| Current taxes (expense) recovery | (361 | ) | (2,186 | ) | (1,097 | ) | (2,547 | ) | ||||||||
| Deferred taxes (expense) recovery | 43 | 650 | 273 | (452 | ) | |||||||||||
| Net income (loss) | $ | 15,307 | $ | (6,182 | ) | $ | 46,246 | $ | 18,459 | |||||||
| Net income (loss) attributable to: | ||||||||||||||||
| Equity Limited Partners | $ | 12,432 | $ | (8,599 | ) | $ | 40,955 | $ | 13,621 | |||||||
| Preferred Limited Partners | 2,875 | 2,417 | 5,291 | 4,838 | ||||||||||||
| Non-controlling interests | — | — | — | — | ||||||||||||
| $ | 15,307 | $ | (6,182 | ) | $ | 46,246 | $ | 18,459 | ||||||||
Article content
Article content
Fully diluted NAV, a non-IFRS measure, is equal to total equity less General Partner equity, Preferred Limited Partners equity, carrying value of non-controlling interests, an adjustment for the fair value of non-controlling interests and deferred financing costs, plus the value of consideration to be received from the assumed exercise of outstanding warrants.
Article content
The following table presents the changes in fully diluted NAV for the six months ended June 30, 2026 and 2025:
Article content
| As at and for six months ended June 30, (Thousands, US Dollars, except per unit amounts) | 2026 | 2025 | |||||||||||
| Total | Per Unit | Total | Per Unit | ||||||||||
| Fully diluted NAV, beginning of period1 | $ | 9,585,442 | $ | 12.23 | $ | 7,919,063 | $ | 10.44 | |||||
| Net income2 | 40,955 | 13,621 | |||||||||||
| Other comprehensive income2 | (889,730 | ) | 605,380 | ||||||||||
| Adjustment for impact of warrants3 | (125,136 | ) | 19,035 | ||||||||||
| Preferred LP units surrendered and cancelled as part of warrant exercise4 | 69,308 | — | |||||||||||
| Change in the fair value of non-controlling interests5 | 107,024 | 264,047 | |||||||||||
| Change in deferred financing costs | 2,123 | (2,600 | ) | ||||||||||
| Repurchases under normal-course issuer bid | (6,244 | ) | (3,349 | ) | |||||||||
| Fully diluted NAV, end of period1,6 | $ | 8,783,742 | $ | 11.29 | $ | 8,815,197 | $ | 11.24 | |||||
English (US)