PVS.PR.I To Be Redeemed

Partners Value Split Corp. has announced:

y its intention to redeem all of its 6,000,000 outstanding Class AA Preferred Shares, Series 11 (“Preferred Shares, Series 11”) for cash on April 22, 2025 (the “Redemption Date”) in accordance with the terms of the Preferred Shares, Series 11.

The redemption price per Preferred Share, Series 11 will be equal to C$25.00 per share plus accrued and unpaid dividends of C$0.17 per share to April 21, 2025, representing a total redemption price of C$25.17 per share (the “Redemption Price”).

Notice has been delivered to holders of the Preferred Shares, Series 11 in accordance with the terms of the Preferred Shares, Series 11.

From and after the Redemption Date, the Preferred Shares, Series 11 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 11, 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.

PVS.PR.I is a SplitShare, 5-Year, 4.75%, which was announced 2020-9-25 and commenced trading 2020-10-7. It is tracked by HIMIPref™ and has been added to the SplitShare subindex.

This redemption was announced during the Great Server Crash of 2025 and was never posted. Thanks to Assiduous Reader JD for bringing the omission to my attention!