Partners Value Split Corp. reports increase in income for first half of 2024

From GlobeNewswire: 2024-08-19 17:30:00

Partners Value Split Corp. announced a net asset value per unit of $128.34 as of June 30, 2024. Income available for distribution for the six-month period was $42 million, higher than the prior year. The net comprehensive income decreased to $160 million due to lower unrealized gains on Corporation and Manager shares.

The Company owns 120 million Class A Limited Voting shares of the Corporation and 30 million of the Manager, generating cash flow for dividends. Brookfield Corporation focuses on long-term capital allocation, while Brookfield Asset Management is a global alternative asset manager with $1 trillion in assets.

Forward-looking information in the news release includes predictions of generating preferential dividends for preferred shares and potential participation in capital appreciation. Risks include financial performance, market fluctuations, regulatory changes, competition, and geopolitical events. The Company cautions investors to consider these factors when making decisions.



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