Partners Value Investments Inc. Announces Normal Course Issuer Bids

Partners Value Investments Inc., a subsidiary of Partners Value Investments L.P., is taking steps to enhance shareholder value through its recently announced normal course issuer bids. The company has received approval from the TSX Venture Exchange to buy back certain financial instruments.

Details of the Issuer Bids

As part of this initiative, Partners Value Investments Inc. plans to repurchase up to 1,396,407 of its share purchase warrants, which constitutes about 5% of the total outstanding warrants. Additionally, the company will buy back up to 3,533,558 of its Class A preferred shares, also around 5% of those currently outstanding. This buyback program will run from February 14, 2025, to February 13, 2026, or until the purchases are completed earlier.

Execution of the Buyback

The purchases will be executed by RBC Capital Markets, which is the designated broker for these transactions. They will be made through the Exchange and other trading systems in Canada. The price paid for the warrants and preferred shares will be based on the market price at the time of each acquisition. Once acquired, these financial instruments will be cancelled.

Rationale Behind the Bids

The management of Partners Value Investments Inc. believes that the market prices of the warrants and preferred shares do not always reflect their intrinsic value. By purchasing these securities, the company aims to optimize the use of its available resources and enhance shareholder value.

Automatic Purchase Plan

To facilitate this buyback program, the corporation will establish an automatic purchase plan. This plan will allow the company to purchase warrants and preferred shares even during periods when the company is restricted from trading due to internal rules or guidelines. Purchases outside of these blackout periods will be conducted based on management’s discretion and regulatory compliance.

Market Outlook and Risks

While Partners Value Investments Inc. anticipates that their buyback program will yield positive results, it is important to recognize the risks involved. These include fluctuations in the financial markets, changes in accounting standards, and other unforeseen factors that could impact the company’s overall performance. Investors are encouraged to consider these risks, along with their individual financial situations, when interpreting the company’s forward-looking statements.

For further inquiries, interested parties can reach out to the Investor Relations team at Partners Value Investments Inc.

Investments, Bids, Warrants