Partners Value to redeem 4 million series 7 preferred shares on May 20

By Rebecca Melvin

Concord, N.H., May 3 – Partners Value Split Corp. plans to redeem all 4 million of its class AA preferred shares, series 7, for cash on May 20, according to a news release.

The redemption price will be equal to C$25.50 plus accrued and unpaid dividends of C$0.030220 per share to the redemption date, representing a total redemption price of C$25.8022 per share.

After the redemption of series 7 preferreds, the company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

Partners Value is a Toronto-based financial services company.

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