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30.08.2017 22:30:00

Partners Value Split Corp. Announces 2017 Semi-Annual Results

Partners Value Split Corp. Announces 2017 Semi-Annual Results Partners Value Split Corp. Announces 2017 Semi-Annual ResultsTORONTO, ONTARIO--(Marketwired - Aug 30, 2017) - Partners Value Split Corp. (TSX:PVS) (the "Company") announced today that the net asset value per unit was USD$96.22 at June 30, 2017. All amounts are stated in US dollars.Income available for distribution for the period ended June 30, 2017 was $30 million compared to $21 million in the prior year. The increase in investment income during the period is a result of the spin-off of Trisura Group Ltd. ("Trisura") from Brookfield Asset Management Inc. ("Brookfield"), being recognized as a dividend. The shares received as a part of the spin-off were further issued as a dividend to Partners Value Investments Inc., the sole common shareholder of the Company.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.For the six months ended June 30 (Thousands, US dollars) 2017 2016 Income Investment income $30,484 $20,808 30,484 20,808 Expenses (11) (13) Operating (183) (188) (194) Full story available on Benzinga.com
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