.jpg)
1 hour ago
4
Article content
TORONTO, Aug. 14, 2026 (GLOBE NEWSWIRE) — Partners Value Split Corp. (the “Company”, TSX: PVS.PR.H, PVS.PR.J, PVS.PR.K, PVS.PR.L, PVS.PR.M, PVS.PR.U, PVS.PR.V) announced today its financial results for the six months ended June 30, 2026. All amounts are 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
Income available for distribution for the six-month period ended June 30, 2026, was $50 million compared to $48 million in the prior year period. The increase in income was primarily due to the increase in the dividend rate by Brookfield Corporation (“BN”, NYSE/TSX: BN) and Brookfield Asset Management Ltd. (“BAM”, NYSE/TSX: BAM). Net comprehensive loss of $729 million was primarily due to unrealized mark-to-market losses on BN and BAM shares, as compared to net comprehensive income of $533 million in the prior year period.
Article content
Article content
Article content
As at June 30, 2026, the market prices of a BN share and a BAM share were $42.59 and $44.85, respectively. As at August 14, 2026, the market prices of a BN share and a BAM share were $43.85 and $54.31, respectively.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
A unit consists of one preferred share and one capital share. The net asset value per unit is posted monthly on our website at www.partnersvaluesplit.com.
Article content
UNAUDITED INTERIM CONDENSED STATEMENTS OF COMPREHENSIVE INCOME
Article content
| For the six months ended June 30, (Thousands of US dollars, except per unit amounts) | 2026 | 2025 | |||||
| Income | |||||||
| Dividend income | $ | 50,146 | $ | 47,695 | |||
| Other investment income | 602 | 798 | |||||
| 50,748 | 48,493 | ||||||
| Expenses | |||||||
| Management fees | (18 | ) | (17 | ) | |||
| Administrative and other | (299 | ) | (217 | ) | |||
| (317 | ) | (234 | ) | ||||
| Income available for distribution | 50,431 | 48,259 | |||||
| Distributions paid on senior preferred shares and debentures | (20,747 | ) | (16,873 | ) | |||
| Income available for distribution to junior preferred and capital shares | 29,684 | 31,386 | |||||
| Change in unrealized value of investments | (779,844 | ) | 558,714 | ||||
| Amortization of share issuance costs | (1,884 | ) | (2,053 | ) | |||
| Foreign exchange gain (loss) | 23,201 | (55,536 | ) | ||||
| Net comprehensive income (loss) | $ | (728,843 | ) | $ | 532,511 | ||
| Comprehensive income (loss) per unit1 | $ | (15.22 | ) | $ | 9.66 | ||
Article content
Article content
1 The weighted average number of units outstanding during the six months ended June 30, 2026, was 47.9 million (June 30, 2025 – 55.1 million).
Article content
| Quarterly distribution rate per senior preferred share | Local currency | 2026 | 2025 | |||
| – Class AA, Series 10 | CAD | 0.2938 | 0.2938 | |||
| – Class AA, Series 12 | CAD | 0.2750 | 0.2750 | |||
| – Class AA, Series 13 | CAD | 0.2781 | 0.2781 | |||
| – Class AA, Series 14 | CAD | 0.3438 | 0.3438 | |||
| – Class AA, Series 15 | CAD | 0.3219 | 0.3219 | |||
| – Class AA, Series 16 | USD | 0.3375 | 0.3375 | |||
| – Class AA, Series 17 | USD | 0.3281 | 0.3281 |
Article content
As at June 30, 2026, the Company owned 179 million Class A Limited Voting shares of BN, and 25 million Class A Limited Voting shares of BAM, which together generate cash flow through dividend payments that fund quarterly fixed cumulative preferential dividends for the holders of the Company’s preferred shares and provide the holders of the Company’s capital shares the opportunity to participate in any capital appreciation of the Brookfield shares.
Article content
Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. BN has three core businesses: alternative asset management, wealth solutions, and its operating businesses which are in energy, infrastructure, business and industrial services, and real estate. BN is publicly traded on the New York and Toronto stock exchanges under the symbol BN and BN.TO, respectively. The Company’s investment in BN represents approximately an 8% interest in BN.
English (US)