Partners Value Split Corp. Announces 2024 Semi-Annual Results
2024年8月20日 - 6:30AM
Partners Value Split Corp. (the “Company”, TSX: PVS.PR.F, PVS.PR.G,
PVS.PR.H, PVS.PR.I, PVS.PR.J, PVS.PR.K) announced today that the
net asset value per unit was $128.34 as at June 30, 2024. All
amounts are in U.S. dollars.
Income available for distribution for the
six-month period ended June 30, 2024, was $42 million compared to
$37 million in the prior year period. Dividend income was higher in
the current period due to an increase in the dividend rate by
Brookfield Corporation (the “Corporation”, NYSE/TSX: BN) and
Brookfield Asset Management Inc. (the “Manager”, NYSE/TSX: BAM).
Net comprehensive income of $160 million decreased compared to the
prior period primarily due to lower unrealized mark-to-market gains
on the Corporation and Manager shares prices. On a per share basis,
the fair value of a Corporation share was $41.54 as at June 30,
2024 (December 31, 2023 - $40.12). On a per share basis, the fair
value of a Manager share was $38.05 as at June 30, 2024 (December
31, 2023 - $40.17).
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
(Unaudited)For the six months ended June 30(Thousands of US
dollars, except per unit amounts) |
|
2024 |
|
|
|
2023 |
|
Income |
|
|
|
|
|
Dividend income |
$ |
41,864 |
|
|
$ |
35,883 |
|
Other investment income |
|
695 |
|
|
|
1,207 |
|
|
|
42,559 |
|
|
|
37,090 |
|
Expenses |
|
|
|
|
|
Management fees |
|
(18 |
) |
|
|
(19 |
) |
Administrative and other |
|
(169 |
) |
|
|
(198 |
) |
|
|
(187 |
) |
|
|
(217 |
) |
Income available for distribution |
|
42,372 |
|
|
|
36,873 |
|
Distributions paid on senior preferred shares and debentures |
|
(15,827 |
) |
|
|
(15,952 |
) |
Income available for distribution to junior preferred and capital
shares |
|
26,545 |
|
|
|
20,921 |
|
Change in unrealized value of investments |
|
106,454 |
|
|
|
380,359 |
|
Amortization of share issuance costs |
|
(1,606 |
) |
|
|
(1,619 |
) |
Unrealized and realized foreign exchange gain (loss) |
|
28,379 |
|
|
|
(20,202 |
) |
Net income |
|
159,772 |
|
|
|
379,459 |
|
Comprehensive income |
$ |
159,772 |
|
|
$ |
379,459 |
|
Comprehensive income per unit |
$ |
3.29 |
|
|
$ |
7.79 |
|
|
|
|
|
|
|
Quarterly distribution rate per senior preferred share (C$) |
|
|
|
|
|
|
|
|
–
Class AA, Series 8 |
|
|
0.3000 |
|
|
|
0.3000 |
|
–
Class AA, Series 9 |
|
|
0.3063 |
|
|
|
0.3063 |
|
–
Class AA, Series 10 |
|
|
0.2938 |
|
|
|
0.2938 |
|
–
Class AA, Series 11 |
|
|
0.2969 |
|
|
|
0.2969 |
|
–
Class AA, Series 12 |
|
|
0.2750 |
|
|
|
0.2750 |
|
–
Class AA, Series 13 |
|
|
0.2781 |
|
|
|
0.2781 |
|
As at June 30, 2024, the Company owned 120
million Class A Limited Voting shares of the Corporation, and 30
million Class A Limited Voting Shares of the Manager, which
together 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 the Brookfield shares.
Brookfield Corporation is focused on deploying
its capital on a value basis and compounding it over the long term.
This capital is allocated across its three core pillars of asset
management, insurance solutions and its operating businesses.
Brookfield Asset Management Ltd. is a leading global alternative
asset manager with approximately $1 trillion of assets under
management across real estate, infrastructure, renewable power and
transition, private equity and credit. BN and BAM are listed on the
New York and Toronto stock exchanges.
For further information, contact Investor
Relations at 416-643-7621.
Note: This news release contains
“forward-looking information” within the meaning of Canadian
provincial securities laws and regulations. The words “generate”
and “enable” and other expressions which are predictions of or
indicate future events, trends or prospects and which do not relate
to historical matters identify forward-looking information.
Forward-looking information in this news release includes
statements with regard to the generation of cumulative preferential
dividends for the holders of the Company’s preferred shares and
potential participation by the holders of the Company’s capital
shares in the capital appreciation of Brookfield
Shares.
Although the Company believes that the
anticipated future results or achievements expressed or implied by
the forward-looking information and statements are based upon
reasonable assumptions and expectations, the reader should not
place undue reliance on the forward-looking information and
statements because they involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to differ materially
from anticipated future results, performance or achievement
expressed or implied by such forward-looking information and
statements.
Factors that could cause actual results to
differ materially from those contemplated or implied by
forward‐looking statements and information include, but are not
limited to: the financial performance of Brookfield Corporation,
the impact or unanticipated impact of general economic, political
and market factors; the behavior of financial markets, including
fluctuations in interest and foreign exchanges rates; limitations
on the liquidity of our investments; global equity and capital
markets and the availability of equity and debt financing and
refinancing within these markets; strategic actions including
dispositions; changes in accounting policies and methods used to
report financial condition (including uncertainties associated with
critical accounting assumptions and estimates);
the effect of applying future
accounting changes; business competition;
operational and reputational risks; technological
change; changes in government regulation and legislation; changes
in tax laws; risks associated with the use of financial leverage;
catastrophic events, such as earthquakes and hurricanes; the
possible impact of international conflicts and other developments
including terrorist acts; and other risks and factors detailed from
time to time in the Company’s documents filed with the securities
regulators in Canada.
We caution that the foregoing list of important
factors that may affect future results is not exhaustive. When
relying on our forward-looking information to make decisions with
respect to the Company, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Except as may be required by law, the Company
undertakes no obligation to publicly update or revise any
forward-looking information or statements, whether written or oral,
that may be as a result of new information, future events or
otherwise. Reference should be made to the Company’s most recent
Annual Information Form for a description of the major risk
factors.
Brookfield (TSX:BN)
過去 株価チャート
から 7 2024 まで 8 2024
Brookfield (TSX:BN)
過去 株価チャート
から 8 2023 まで 8 2024