Redemption Announced for Class AA Preferred Shares, Series 9, by Partners Value Split Corporation
Brookfield Asset Management (BAM) to Redeem Preferred Shares
Brookfield Asset Management (BAM), a global investment firm with over US$1 trillion of assets under management, has announced its intention to redeem all of its Class AA Preferred Shares, Series 9. This decision was made by the company's board of directors.
BAM, listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BAM, is known for its heritage as an owner and operator, investing for value and generating strong returns. The company offers a range of alternative investment products to investors worldwide, with assets distributed across infrastructure, renewable power & transition, private equity, real estate, and credit.
Partners Value Split Corp, a separate entity, owns a significant portion of BAM. Specifically, it holds approximately 120 million Class A Limited Voting Shares of Brookfield Corporation and approximately 25 million Class A Limited Voting Shares of Brookfield Asset Management Ltd. After the redemption of the Preferred Shares, Series 9, BAM will consolidate its capital shares held by Partners Value Investments Inc.
The redemption price per Preferred Share, Series 9 will be C$25.00 plus accrued and unpaid dividends of C$0.12, totaling C$25.12 per share. Notice has been delivered to holders of the Preferred Shares, Series 9. After the redemption, the Preferred Shares, Series 9 will no longer be entitled to dividends or any other participation in the company's assets.
It's important to note that the list of important factors affecting future results is not exhaustive, and investors should carefully consider these factors and other uncertainties and potential events. The actual results may differ materially from those contemplated or implied by the forward-looking statements due to various risks and uncertainties.
Brookfield Corporation, the global investment firm from which BAM originates, is also listed on the New York Stock Exchange and Toronto Stock Exchange under the symbol BN. Brookfield Corporation has three core businesses: alternative asset management, wealth solutions, and operating businesses in renewable power, infrastructure, business and industrial services, and real estate.
The decision to liquidate all outstanding Class AA Preferred Shares, Series 9 of Partners Value Split Corp. for cash on October 6, 2025, marks a significant event in the company's history. Brookfield Asset Management Ltd., headquartered in New York, will continue to invest and generate returns for its shareholders.
Investors are advised to consult with their financial advisors regarding any potential impact of this announcement on their investment portfolios. The news release contains forward-looking information regarding the redemption of Class AA Preferred Shares, Series 9. The Company does not undertake to update or revise any forward-looking information or statements, whether written or oral.
