Partners Value Split Corp. sees increase in net asset value and income for 2024.

From GlobeNewswire: 2025-03-28 20:00:00

Partners Value Split Corp. announced a net asset value per unit of $171.41 at December 31, 2024, compared to $124.10 the previous year. Income available for distribution in 2024 was $85 million, up from $73 million in 2023, primarily due to increased dividend rates from Brookfield Corporation and Brookfield Asset Management Ltd.

The net comprehensive income for 2024 was $2.6 billion, driven by mark-to-market movements on share prices of the Corporation and the Manager. The Corporation’s share price was $57.45, and the Manager’s share price was $54.19 at December 31, 2024.

The Company owns 120 million Class A Limited Voting shares of the Corporation and 30 million Class A Limited Voting Shares of the Manager. These generate cash flow through dividend payments for the Company’s preferred shares holders and allow capital shares holders to participate in capital appreciation of Brookfield shares.

Brookfield Corporation, a global investment firm, focuses on asset management, wealth solutions, and operating businesses. Listed on NYSE and TSX under BN and BN.TO, the Company holds an 8% interest in the Corporation. Brookfield Asset Management Ltd. is a leading global alternative asset manager with over $1 trillion of assets under management, listed on NYSE and TSX under BAM and BAM.TO, with the Company holding a 7% interest in the Manager.

Forward-looking information in the news release includes statements about generating cumulative preferential dividends for preferred shares holders and potential participation in capital appreciation of Brookfield Shares. The Company warns of known and unknown risks, uncertainties, and factors that may impact future results. Investors should consider these factors when making decisions about the Company.



Read more at GlobeNewswire:: Partners Value Split Corp. Announces 2024 Annual Results