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Partners Value Investments Inc. Announces Q1 2026 Interim Results
TORONTO, May 15, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments Inc. (the “Company&#x...
About this update from Partners Value Investments L.p.
[{"type":"text","content":"Partners Value Investments Inc. Announces Q1 2026 Interim Results\nTORONTO, May 15, 2026 (GLOBE NEWSWIRE) -- Partners Value Investments Inc. (the “Company”, TSXV: PVF.WT, PVF.PR.V, PVF.A) announced today its financial results for the three months ended March 31, 2026. All amounts are stated in United States dollar (\"US dollar\"). The Company recorded net income of $897 million for the three months ended March 31, 2026, compared to $972 million in the prior year period. The decrease in net income was primarily due to lower remeasurement gains associated with the Company's retractable common shares of $712 million compared to remeasurement gains of $953 million in the prior year period, partially offset by remeasurement gains on warrants of $125 million compared to remeasurement losses of $3 million in the prior year period, and remeasurement gains on exchangeable shares of $36 million compared to $nil in the prior year period. The Company's retractable common shares, exchangeable shares and warrants are classified as liabilities due to their retractable, exchangeable and convertible features, respectively. The remeasurement gains or losses on retractable common shares and exchangeable shares in a given period are driven by the respective depreciation or appreciation of the Partners Value Investments L.P.'s (the \"Partnership\") Equity LP unit (\"Equity LP unit\") price. The remeasurement gains or losses on warrants in a given period are driven by the respective depreciation or appreciation of the market price of a warrant. Adjusted Earnings is a non-IFRS measure that can be used to evaluate the performance of the Company, defined as net income (loss) attributable to the Company, excluding the impact of remeasurement gains (losses) on retractable common shares, exchangeable shares, and warrant liability, as well as dividends paid on retractable common shares. The Company recorded Adjusted Earnings of $32 million for the three months ended March 31, 2026, compared to $30 million in the prior year period. Adjusted Earnings increased due to favorable foreign currency movements as a result of the depreciation of the Canadian dollar against the US dollar and higher investment income, partially offset by valuation losses on our investment portfolio and higher preferred share dividends as a result ...