Partners Value Split Corp. successfully closed its $125 million public offering of 5,000,000 Class AA Preferred Shares, Series 14, at $25.00 per share on September 27, 2024. The underwriters, which included Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc., National Bank Financial Inc., Desjardins Securities Inc., iA Private Wealth Inc., Manulife Wealth Inc., Raymond James Ltd., and Canaccord Genuity Corp., were granted an option to purchase up to an additional 1,000,000 shares, potentially increasing the total proceeds to $150 million. The net proceeds, estimated at $120.8 million, were allocated to redeem the Series 8 Preferred Shares on September 30, 2024, and to pay a special dividend. Legal advisors for the transaction included Torys LLP for the company and Osler, Hoskin & Harcourt LLP for the underwriters. The shares are expected to yield an annualized 5.50% and are provisionally rated Pfd-2 by DBRS. The Toronto Stock Exchange conditionally approved the listing of the Series 14 Preferred Shares, subject to standard listing requirements being met by December 23, 2024.