PARTNERS VALUE SPLIT CORP. ANNOUNCES 2019 ANNUAL RESULTS

TORONTO, March 27, 2020 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the “Company” TSX: PVS.PR.D, PVS.PR.E, PVS.PR.F, PVS.PR.G) announced today that the net asset value per unit was $136.77 at December 31, 2019. All amounts are in US dollars.

Income available for distribution for the year ended December 31, 2019 was $51 million compared to $48 million in the prior year.

Net asset value per 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.

STATEMENTS OF COMPREHENSIVE INCOME

As at and for the year ended December 31 (USD Thousands)			2019				2018
Income
Investment income		$	51,461			$	48,393
Expenses
Operating			(282	)			(506	)
Income available for distribution			51,179				47,887
Distributions paid on senior preferred shares and debentures			(22,645	)			(22,949	)
Income available for distribution to junior preferred and capital shares			28,534				24,938
Amortization of share issuance costs			(1,982	)			(1,621	)
Change in unrealized and realized value of investment			1,550,962				(413,856	)
Unrealized foreign exchange (loss) gain			(30,796	)			51,693
Net comprehensive income (loss)		$	1,546,718			$	(338,846	)
Net assets		$	3,978,210			$	2,460,080
Quarterly distribution rate per senior preferred share (C$)
– Class AA, Series 3		$	0.1222			$	0.2719
– Class AA, Series 6			0.2813				0.2813
– Class AA, Series 7			0.3438				0.3438
– Class AA, Series 8			0.3000				0.3000
– Class AA, Series 9			0.3063				0.3063

Partners Value Split Corp. owns 80 million Class A Limited Voting Shares (“Brookfield shares”) of Brookfield Asset Management Inc. (“Brookfield”) which 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 Brookfield shares.