Partners Value Split Corp. has announced:
y its intention to redeem all of its 5,996,800 outstanding Class AA Preferred Shares, Series 9 (“Preferred Shares, Series 9”) for cash on October 6, 2025 (the “Redemption Date”) in accordance with the terms of the Preferred Shares, Series 9.
The redemption price per Preferred Share, Series 9 will be equal to C$25.00 per share plus accrued and unpaid dividends of C$0.12 per share to October 5, 2025, representing a total redemption price of C$25.12 per share (the “Redemption Price”).
Notice has been delivered to holders of the Preferred Shares, Series 9 in accordance with the terms of the Preferred Shares, Series 9. From and after the Redemption Date, the Preferred Shares, Series 9 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 9, 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.
The scheduled maturity date was 2026-02-28.
PVS.PR.G is a Split Share, 7-year, 4.90% issue that commenced trading 2018-11-26 after being announced 2018-11-15. It is tracked by HIMIPref™ and assigned to the SplitShare subindex.
Thanks to Assiduous Reader niagara for bringing this to my attention!