Partners Value Investments L.P. Announces Ten-For-One Unit Split

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[{"type":"text","content":"Partners Value Investments L.P. Announces Ten-For-One Unit Split\n\n\n\n TORONTO, July 04, 2025 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. (TSXV: PVF.UN, TSXV: PVF.PR.U) (the “\n \n Partnership\n \n ”) and Partners Value Investments Inc. (TSXV: PVF.WT, PVF.PR.V, PVF.A) (“\n \n PVII\n \n ”) today announced that the board of trustees of the general partner of the Partnership has approved a ten-for-one unit split (the “\n \n Unit Split\n \n ”) of the outstanding equity units of the Partnership (the “\n \n Equity Units\n \n ”) (PVF.UN).\n \n\n The Unit Split will be implemented by way of a subdivision.\n \n\n In conjunction with the Unit Split, the board of directors of PVII approved a concurrent ten-for-one share split of the outstanding non-voting exchangeable shares of PVII (the “\n \n Exchangeable Shares\n \n ”) (PVF.A). The split of Exchangeable Shares (the “\n \n Share Split\n \n ”, together with the Unit Split, the “\n \n Splits\n \n ”) will also be implemented by way of subdivision.\n \n\n The Splits are being undertaken to ensure that the Equity Units and Exchangeable Shares remain accessible to individual holders and to improve their liquidity. The Split will not change the rights of holders and will not change a holder’s proportionate ownership in the Partnership or PVII, as applicable. The Splits should not be taxable to holders of Equity Units or Exchangeable Shares for Canadian and US tax purposes.\n \n\n On August 8, 2025, the additional Equity Units/Exchangeable Shares required to give effect to the Splits will be issued to holders of record at the close of business on August 5, 2025. As of the close of business on July 2, 2025, there were 70,558,120 Equity Units and 2,786,058 Exchangeable Shares issued and outstanding. Adjusted for the Splits, as of July 2, 2025, there would have been 705,581,200 Equity Units and 27,860,580 Exchangeable Shares issued and outstanding.\n \n\n The Equity Units and Exchangeable Shares will begin trading with “due bills” on the TSX Venture Exchange (“\n \n TSXV\n \n ”) at the opening of business on August 5, 2025 (being the Record Date) until the close of business on August 8, 2025 (being the Payment Date), inclusively. During such period, anyone w...

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