Partners Value Investments L.P., a leading investment partnership, has recently announced the renewal of its normal course issuer bids, demonstrating its commitment to maximizing shareholder value. This strategic move has been approved by the TSX Venture Exchange and is set to benefit both the Partnership and its investors.

Details of the Renewal

Under the renewed bids, Partners Value Investments L.P. is authorized to repurchase up to 3,521,732 of its non-voting equity limited partnership units (Equity LP Units) and up to 938,226 of its non-voting Class A preferred limited partnership units, Series 1 (Preferred LP Units). These purchases represent approximately 5% of the currently outstanding Equity LP Units and Preferred LP Units respectively. The period for these bids will be effective from January 3, 2025, to January 2, 2026.

Purchase Process

The Partnership will conduct these purchases through its broker, RBC Capital Markets, utilizing various trading platforms in Canada. The price paid for any acquired Equity LP Units and Preferred LP Units will be based on the market price at the time of acquisition. It’s worth noting that any units purchased through these bids will subsequently be cancelled.

Past Performance and Future Outlook

In reviewing their prior normal course issuer bids which commenced last year and are expiring soon, Partners Value Investments L.P. successfully acquired a significant number of Equity LP Units at an average price of $102.02 per unit. Looking ahead, the Partnership believes that repurchasing its outstanding securities when market prices do not reflect their true value can be a prudent use of funds.

Risk Factors and Compliance

The Partnership acknowledges potential risks associated with forward-looking statements regarding future performance and achievements due to factors beyond their control such as economic conditions and market fluctuations. To mitigate risks related to insider trading rules or internal blackout periods that may limit active market participation during certain times, an automatic purchase plan has been established with RBC Capital Markets.

For additional information on this announcement or inquiries about Partners Value Investments L.P., please contact Investor Relations at [email protected] or call 416-643-7621.

Note: Forward-looking information contained in this release is subject to uncertainties outlined in applicable Canadian securities regulations. While reasonable assumptions underpin anticipated results expressed or implied by such statements are made by the Partnership, investors should exercise caution as unforeseen factors could impact actual outcomes significantly.