Partners Value Investments LP Announces Renewal of Normal Course Issuer Bid
September 28 2018 - 10:25AM
Partners Value Investments LP (the “Partnership”) (TSX VENTURE:
PVF) announced today that it received approval from the TSX Venture
Exchange (the “Exchange”) for the renewal of its normal course
issuer bid (the “Bid”) to purchase up to 3,676,462 of its
non-voting equity limited partnership units (the “Equity LP
Units”), representing approximately 5% of its currently outstanding
Equity LP Units. The period of the Bid will remain effective from
September 29, 2018 to September 28, 2019, or such earlier date that
the Partnership completes its purchases.
Purchases by the Partnership pursuant to the Bid
will be made by its broker, RBC Capital Markets, through the
facilities of the Exchange and all applicable exchanges in Canada.
The price which the Partnership will pay for any Equity LP Units
purchased will be the market price of the Equity LP Units at the
time of acquisition. Any Equity LP Units acquired through the Bid
will be cancelled. As of September 27, 2018, there were 73,525,631
Equity LP Units outstanding.
From time to time, when the Partnership does not
possess material non-public information about itself or its
securities, it may enter into a pre-defined plan with its broker to
allow for the repurchase of securities at times when it ordinarily
would not be active in the market due to its own internal trading
blackout periods, insider trading rules or otherwise. Any such
plans entered into with the Partnership’s broker will be adopted in
accordance with applicable Canadian securities laws.
For further information, contact Investor
Relations at ir@pvii.ca or 647-503-6513.
Note: This news release contains
“forward-looking information” within the meaning of Canadian
provincial securities laws and “forward-looking statements” within
the meaning of applicable Canadian securities regulations.
Expressions which are predictions of or indicate future events,
trends or prospects and which do not relate to historical matters
identify forward-looking information and forward-looking
statements.
Although the Partnership 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 Partnership to differ materially from
anticipated future results, performance or achievement expressed or
implied by such forward-looking statements and information.
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
Partnership’s documents filed with the securities regulators in
Canada.
The Partnership cautions that the foregoing list
of important factors that may affect future results is not
exhaustive. When relying on the Partnership’s 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 Partnership
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.
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