On September 5, 2025, Partners Value Split Corp. announced a public offering of 4,000,000 Class AA Preferred Shares, Series 16, at US$25.00 per share, for a total value of US$100,000,000. The transaction closed on or before September 11, 2025, with the full exercise of the underwriters’ option, resulting in the issuance of all 4,000,000 shares.

The Series 16 Preferred Shares offer quarterly fixed cumulative preferential dividends of US$0.3375 per share, representing a 5.40% annual yield, with the initial dividend of US$0.2996 per share payable on or about December 7, 2025. The shares have a final maturity of March 31, 2032, and are listed on the Toronto Stock Exchange under the symbol PVS.PR.U. Net proceeds, estimated at US$96,670,000, will be used to make distributions to holders of the company’s capital shares.

The offering is underwritten by Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., National Bank Financial Inc., Desjardins Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc., Manulife Wealth Inc., and Raymond James Ltd. Legal counsel is provided by Torys LLP for the company and Osler, Hoskin & Harcourt LLP for the underwriters.