TORONTO, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Partners Value Split Corp. ((the "Company", TSX:PVS, 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", TSX:BN) and Brookfield Asset Management Inc. ((the "Manager", 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

)