Frequently Asked Questions
Net Asset Value per Unit (“NAV per Unit”) is calculated using the value of BAM shares held by the company plus (minus) the amount by which the value of the other assets of the company exceed (are less than) the liabilities (including any extraordinary liabilities) of the company, divided by the total number of Units outstanding. A “Unit” is considered to consist of one Capital Share and one Preferred Share (of any class or series). For greater certainty, the Preferred Shares will not be treated as liabilities for purposes of determining NAV per Unit.
Is the NAV posted on the Partners Value Split Corp. website the same for all four preference shares issues?
Yes. NAV is calculated on a per unit basis. A “Unit” is considered to consist of one Capital Share and one Preferred Share (of any class or series).
What are the redemption dates?
Class AA, Series 3: Redemption period commenced January 10, 2012; mandatory redemption January 10, 2019.
Class AA, Series 6: Redemption period commences October 8, 2019; mandatory redemption October 8, 2021.
Class AA, Series 7: Redemption period commences October 31, 2020; mandatory redemption October 31, 2022.
Class AA, Series 8: Redemption period commenced September 30, 2022; mandatory redemption September 30, 2024.
What is the frequency of distribution?
Quarterly: March, June, September, and December.
What is the total number of common shares in the company?
There are 100 Class A Voting. Note that the common shares are not pertinent for calculating NAV, you should use the total number of Capital Shares outstanding. The number of capital shares outstanding will always be equal to the number of preferred shares outstanding.
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