Partners Value Split Corp. Announces 2024 Annual Results: A Deep Dive

In the ever-evolving landscape of investment, Partners Value Split Corp. (PVS) has once again made headlines with its 2024 annual results. As an income-focused investor, you're always on the lookout for reliable dividends and steady growth. Let's dive into the numbers and see what this means for your portfolio.

Income Available for Distribution: A Significant Boost

The income available for distribution for the year ended December 31, 2024, was a whopping $85 million, up from $73 million in the prior year. This 16.4% increase is a clear indicator of the company's financial health and its ability to generate cash flow. The primary driver behind this surge? The increase in dividend rates by Brookfield Corporation and Brookfield Asset Management Ltd. This is a win-win for income-seeking investors like you, as it means more dividends in your pocket.

Dividend Payouts: A Record Year

During the year ended December 31, 2024, PVS declared and paid dividends in the amount of $79 million to the holders of its capital shares, up from $50 million in the prior year. This is a 58% increase, which is nothing short of impressive. The dividend payouts are a testament to the company's commitment to its shareholders and its ability to generate consistent cash flow.

Net Comprehensive Income: Unrealized Gains Drive Growth

The net comprehensive income for the year ended December 31, 2024, was a staggering $2.6 billion, primarily driven by unrealized mark-to-market movement on the share prices of Brookfield Corporation and Brookfield Asset Management Ltd. The Corporation share price was $57.45 as at December 31, 2024, compared to $40.12 as at December 31, 2023, and the Manager share price was $54.19 as at December 31, 2024, compared to $40.17 as at December 31, 2023. This significant increase in share prices resulted in a change in unrealized and realized value of investment of $2,491,751,000 for the year ended December 31, 2024, compared to $1,379,718,000 in the prior year.



Comprehensive Income per Unit: A Steady Climb

The comprehensive income per unit for the year ended December 31, 2024, was $53.64, compared to $28.71 in the prior year. This is a 87% increase, which is a clear indication of the company's financial strength and its ability to generate returns for its shareholders.

Quarterly Distribution Rate: Stability and Growth

The quarterly distribution rate per senior preferred share remained stable for most series, with slight variations. For example, the distribution rate for Class AA, Series 9 was $0.3063 for both years, while the distribution rate for Class AA, Series 14 was $0.3438 for the year ended December 31, 2024, compared to N/A in the prior year. This stability and growth in distribution rates are a positive sign for income-seeking investors.

Future Outlook: Cautious Optimism

While the 2024 annual results are impressive, it's important to approach the future with cautious optimism. The significant increase in net comprehensive income is primarily driven by unrealized mark-to-market movement, which is subject to market volatility. However, the increase in dividend income and the stable distribution rates are positive indicators of the company's financial health and its ability to generate consistent cash flow.



Conclusion: A Solid Pick for Income-Seeking Investors

In conclusion, Partners Value Split Corp. has delivered impressive results for the year ended December 31, 2024. The significant increase in income available for distribution, dividend payouts, and net comprehensive income make it a solid pick for income-seeking investors. However, it's important to keep an eye on the market volatility and the company's ability to sustain its dividend payouts in the future. As always, do your own research and consult with a financial advisor before making any investment decisions. Happy investing!