{"id":387224,"date":"2020-11-23T17:03:08","date_gmt":"2020-11-23T22:03:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=387224"},"modified":"2020-11-23T17:03:08","modified_gmt":"2020-11-23T22:03:08","slug":"partners-value-investments-l-p-announces-2020-third-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/partners-value-investments-l-p-announces-2020-third-quarter-results\/","title":{"rendered":"Partners Value Investments L.P. Announces 2020 Third Quarter Results"},"content":{"rendered":"
\n

TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the \u201cPartnership\u201d TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the three months ended September 30, 2020. All amounts are stated in US dollars.<\/p>\n

The Partnership recorded an increase in net book value during the period of $0.45 to $43.05 per unit ($3.8 billion). The increase is primarily due to an increase in the quoted market price of Brookfield Asset Management common shares and investment valuation gains, partially offset by foreign currency losses. The Partnership generated a net income of $2 million for the quarter ended September 30, 2020 compared to $14 million in the prior year period.<\/p>\n

The market price of a Brookfield share was $33.06 per share on September 30, 2020 compared to $32.90 per share on June 30, 2020.<\/p>\n

\n Consolidated Statements of Operations <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (unaudited)<\/em>
\n
\n For the <\/em>
\n period<\/em>
\n ended<\/em>
\n September<\/em>
\n 30<\/em>
\n
\n (Thousands, <\/em>
\n US dollars<\/em>
\n )<\/em>
\n \n <\/td>\n		Three Months Ended<\/td>\n\u00a0<\/td>\nNine Months Ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 20<\/strong>
\n 20<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n2019<\/td>\n<\/tr>\n
Investment income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dividends<\/td>\n\n $<\/strong>\n <\/td>\n\n 17,906 <\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n16,252<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 56,140 <\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n52,919<\/td>\n<\/tr>\n
Other investment income<\/td>\n\u00a0<\/td>\n\n 1,061 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,634<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,184 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,417<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 18,967 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,886<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 58,324 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60,336<\/td>\n<\/tr>\n
Expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses<\/td>\n\u00a0<\/td>\n\n (142<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(190)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (984<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(2,314)<\/td>\n<\/tr>\n
Financing costs<\/td>\n\u00a0<\/td>\n\n (571<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(29)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (722<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(200)<\/td>\n<\/tr>\n
Retractable preferred share dividends<\/td>\n\u00a0<\/td>\n\n (6,774<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(5,498)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (18,691<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(18,628)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 11,480 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,169<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 37,927 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39,194<\/td>\n<\/tr>\n
Other items<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investment valuation gains (losses)<\/td>\n\u00a0<\/td>\n\n 3,746 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,137)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (10,298<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(1,266)<\/td>\n<\/tr>\n
Amortization of deferred financing costs<\/td>\n\u00a0<\/td>\n\n (625<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(498)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (1,748<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(2,224)<\/td>\n<\/tr>\n
Current taxes expense<\/td>\n\u00a0<\/td>\n\n (<\/strong>
\n 1,<\/strong>
\n 820<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n4,005<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (<\/strong>
\n 1,946<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(6,083)<\/td>\n<\/tr>\n
Deferred taxes (expense) recovery<\/td>\n\u00a0<\/td>\n\n (4<\/strong>
\n 59<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n776<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (<\/strong>
\n 2,662<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n5,936<\/td>\n<\/tr>\n
Foreign currency (losses) gains<\/td>\n\u00a0<\/td>\n\n (10,60<\/strong>
\n 5<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n9,949<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 43,10<\/strong>
\n 9<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n(27,238)<\/td>\n<\/tr>\n
\n Net income <\/strong>\n <\/td>\n\n $<\/strong>\n <\/td>\n\n 1,717<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n14,264<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 64,382<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n8,319<\/td>\n<\/tr>\n<\/table>\n

\n Change in<\/strong>
\n Net Book Value<\/strong>\n <\/p>\n

The information in the following table shows the changes in net book value:<\/p>\n\n\n\n\n\n\n\n\n\n
\n For the <\/em>
\n period<\/em>
\n ended <\/em>
\n September<\/em>
\n 30<\/em>
\n
\n (Thousands, except per unit amounts)<\/em>
\n \n <\/td>\n		\n Three Months Ended<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine<\/strong>
\n Months Ended<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Per Unit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Per Unit<\/strong>\n <\/td>\n<\/tr>\n
Net book value, beginning of period1<\/sup><\/td>\n\n $<\/strong>\n <\/td>\n\n 3,756,487<\/strong>\n <\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 42.60 <\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4,365,103 <\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 49.50 <\/strong>\n <\/td>\n<\/tr>\n
Net (loss) income2<\/sup><\/td>\n\u00a0<\/td>\n\n (<\/strong>
\n 1,119<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (0.0<\/strong>
\n 1<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n 5<\/strong>
\n 5,876<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n 0.<\/strong>
\n 63<\/strong>\n <\/td>\n<\/tr>\n
Other comprehensive income (loss)2<\/sup><\/td>\n\u00a0<\/td>\n\n 48,998<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.5<\/strong>
\n 6<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (62<\/strong>
\n 8,642<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (7.12<\/strong>
\n )<\/strong>\n <\/td>\n<\/tr>\n
Adjustment for impact of warrant3<\/sup><\/td>\n\u00a0<\/td>\n\n (5,343<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (0.06<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n 6,778 <\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 0.08 <\/strong>\n <\/td>\n<\/tr>\n
Equity LP repurchase<\/td>\n\u00a0<\/td>\n\n (3,306<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (0.04<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (3,398<\/strong>
\n )<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\n (0.04<\/strong>
\n )<\/strong>\n <\/td>\n<\/tr>\n
Net book value, end of period1,<\/sup>4,5<\/sup><\/td>\n\n $<\/strong>\n <\/td>\n\n 3,79<\/strong>
\n 5,717<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 43.0<\/strong>
\n 5<\/strong>\n <\/td>\n		\u00a0<\/td>\n$<\/td>\n\n 3,79<\/strong>
\n 5,717<\/strong>\n <\/td>\n		\u00a0<\/td>\n$<\/td>\n\n 43.0<\/strong>
\n 5<\/strong>\n <\/td>\n<\/tr>\n<\/table>\n
    \n
  1. \n Calculated on a fully diluted basis, net book value is<\/em>
    \n a<\/em>
    \n non-IFRS measure.<\/em>\n <\/li>\n
  2. \n Attributable to Equity Limited Partners<\/em>
    \n .<\/em>\n <\/li>\n
  3. \n The basic weighted average number of Equity Limited Partnership (<\/em>
    \n \u201c<\/em>
    \n Equity LP<\/em>
    \n \u201d<\/em>
    \n ) units outstanding during the <\/em>
    \n period<\/em>
    \n ended <\/em>
    \n September <\/em>
    \n 30, 2020<\/em>
    \n was <\/em>
    \n 73,373,531<\/em>
    \n .<\/em>
    \n The diluted weighted average number of Equity Limited Partnership (\u201cEquity LP\u201d) units available and outstanding <\/em>
    \n for <\/em>
    \n the<\/em>
    \n three and nine months <\/em>
    \n ended <\/em>
    \n September 30, 2020<\/em>
    \n was <\/em>
    \n 88,<\/em>
    \n 111<\/em>
    \n ,<\/em>
    \n 953 and 88,126,845, respectively<\/em>
    \n ; this includes the <\/em>
    \n 14,708,666<\/em>
    \n Equity LP units issuable on the exercise of all outstanding warrants<\/em>
    \n .<\/em>\n <\/li>\n
  4. \n At the end of the period, the diluted Equity LP units outstanding were <\/em>
    \n 88,082,<\/em>
    \n 197<\/em>
    \n (<\/em>
    \n December 31, 2019<\/em>
    \n \u2013 88,<\/em>
    \n 181,996<\/em>
    \n ).<\/em>\n <\/li>\n
  5. \n Net book value is a non-IFRS measure and is equal to total equity less General Partner <\/em>
    \n equity and Preferred Limited Partners\u2019 equity, plus the value of consideration to be received on exercising of warrants, which as at <\/em>
    \n September<\/em>
    \n 30, 2020<\/em>
    \n was<\/em>
    \n $35<\/em>
    \n 8<\/em>
    \n million<\/em>
    \n (<\/em>
    \n December 31, 2019<\/em>
    \n \u2013 $<\/em>
    \n 367<\/em>
    \n million).<\/em>
    \n \n <\/li>\n<\/ol>\n

    \n Financial Profile<\/strong>\n <\/p>\n

    The Partnership\u2019s principal investment is its interest in approximately 129 million Class A Limited Voting Shares (\u201cBrookfield shares\u201d) of Brookfield, on a post-split basis. This represents approximately a 9% interest as at September 30, 2020. In addition, the Company owns a diversified investment portfolio of marketable securities.<\/p>\n

    The information in the following table has been extracted from the Partnership\u2019s Statement of Financial Position:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
    \n As at<\/em>
    \n
    \n (Thousands, US dollars, except per share amounts)<\/em>\n <\/td>\n    		\u00a0<\/td>\n\n September<\/strong>
    \n 30<\/strong>
    \n ,
    20<\/strong>
    \n 20<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\nDecember 31,
    2019<\/td>\n<\/tr>\n
    \n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Cash and cash equivalents<\/td>\n\n $<\/strong>\n <\/td>\n\n 177,211<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n99,497<\/td>\n<\/tr>\n
    Investment in Brookfield Asset Management Inc. 1<\/sup><\/td>\n\u00a0<\/td>\n\n 4,256,757<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,961,496<\/td>\n<\/tr>\n
    Other investments carried at fair value<\/td>\n\u00a0<\/td>\n\n 423,725<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n266,572<\/td>\n<\/tr>\n
    Accounts receivable and other assets<\/td>\n\u00a0<\/td>\n\n 31,160<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,445<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 4,88<\/strong>
    \n 8,853<\/strong>\n <\/td>\n    		\u00a0<\/td>\n$<\/td>\n5,347,010<\/td>\n<\/tr>\n
    \n Liabilities and Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Accounts payable and other liabilities<\/td>\n\n $<\/strong>\n <\/td>\n\n 15,620<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n21,195<\/td>\n<\/tr>\n
    Corporate borrowings<\/td>\n\u00a0<\/td>\n\n 112,620<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n<\/tr>\n
    Preferred shares2<\/sup><\/td>\n\u00a0<\/td>\n\n 553,251<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n454,076<\/td>\n<\/tr>\n
    Deferred taxes3<\/sup><\/td>\n\u00a0<\/td>\n\n 520,604<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n608,876<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\n 1,202,095<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,084,147<\/td>\n<\/tr>\n
    \n Equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
    Common equity<\/td>\n\u00a0<\/td>\n\n 3,68<\/strong>
    \n 6,758<\/strong>\n <\/td>\n    		\u00a0<\/td>\n\u00a0<\/td>\n4,262,863<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 4,88<\/strong>
    \n 8,853<\/strong>\n <\/td>\n    		\u00a0<\/td>\n$<\/td>\n5,347,010<\/td>\n<\/tr>\n
    \u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n
      \n
    1. \n The investment in Brookfield Asset Management Inc. consists of <\/em>
      \n approximately 129<\/em>
      \n million Brookfield shares <\/em>
      \n on a post-split basis <\/em>
      \n with a quoted market value <\/em>
      \n of<\/em>
      \n $33.06<\/em>
      \n per share as at <\/em>
      \n September <\/em>
      \n 30, 2020<\/em>
      \n (<\/em>
      \n December 31, 2019<\/em>
      \n \u2013 $38.<\/em>
      \n 53<\/em>
      \n ).<\/em>\n <\/li>\n
    2. \n Represents <\/em>
      \n $5<\/em>
      \n 63<\/em>
      \n million<\/em>
      \n of retractable preferred shares less <\/em>
      \n $<\/em>
      \n 10<\/em>
      \n million<\/em>
      \n of unamortized issue costs as at <\/em>
      \n September<\/em>
      \n 30, 2020<\/em>
      \n (<\/em>
      \n December 31, 2019<\/em>
      \n \u2013 $<\/em>
      \n 462<\/em>
      \n \u00a0million less $<\/em>
      \n 8<\/em>
      \n million).<\/em>\n <\/li>\n
    3. \n The deferred tax liability represents the potential future income tax liability of the Partnership recorded for accounting purposes based on the difference between the carrying values of the Partnership\u2019s assets and liabilities and their respective tax values, as well as giving effect to estimated capital and non-capital losses.<\/em>
      \n \n <\/li>\n<\/ol>\n

      For further information, contact Investor Relations at ir@pvii.ca<\/a> or 416-956-5142.<\/p>\n

      \n Note: This news release contains \u201cforward-looking information\u201d within the meaning of Canadian provincial securities laws and \u201cforward-looking statements\u201d within the meaning of applicable Canadian securities regulations. The words \u201cpotential\u201d and \u201cestimated\u201d and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters, identify forward-looking information. Forward-looking information in this news release includes statements with regard to the Company\u2019s potential future income taxes. <\/em>\n <\/p>\n

      \n Although the Company believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond its control, which may cause the actual results, performance or achievements of the <\/em>
      \n Company <\/em>
      \n to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. <\/em>\n <\/p>\n

      \n Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements and information include, but are not limited to: the financial performance of Brookfield Asset Management Inc., the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws, catastrophic events, such as earthquakes and hurricanes; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Company\u2019s documents filed with the securities regulators in Canada.<\/em>\n <\/p>\n

      \n The Company cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on the Company\u2019s forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the <\/em>
      \n Company <\/em>
      \n undertakes no obligation to publicly update or revise any forward-looking statements and information, whether written or oral, that may be as a result of new information, future events or otherwise.<\/em>\n <\/p>\n

      \u00a0<\/p>\n


      \n
      \n \n <\/div>\n

      <\/div>\n","protected":false},"excerpt":{"rendered":"

      TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the \u201cPartnership\u201d TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the three months ended September 30, 2020. All amounts are stated in US dollars. The Partnership recorded an increase in net book value during the period of $0.45 to $43.05 per unit ($3.8 billion). The increase is primarily due to an increase in the quoted market price of Brookfield Asset Management common shares and investment valuation gains, partially offset by foreign currency losses. The Partnership generated a net income of $2 million for the quarter ended September 30, 2020 compared to $14 million in the prior year period. The market price of a Brookfield share was $33.06 per … <\/p>\n

      Continue reading “Partners Value Investments L.P. Announces 2020 Third Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-387224","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPartners Value Investments L.P. Announces 2020 Third Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/partners-value-investments-l-p-announces-2020-third-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Partners Value Investments L.P. Announces 2020 Third Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the \u201cPartnership\u201d TSX: PVF.UN TSX:PVF.PR.U) announced today its financial results for the three months ended September 30, 2020. All amounts are stated in US dollars. The Partnership recorded an increase in net book value during the period of $0.45 to $43.05 per unit ($3.8 billion). The increase is primarily due to an increase in the quoted market price of Brookfield Asset Management common shares and investment valuation gains, partially offset by foreign currency losses. The Partnership generated a net income of $2 million for the quarter ended September 30, 2020 compared to $14 million in the prior year period. The market price of a Brookfield share was $33.06 per … Continue reading "Partners Value Investments L.P. 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