Partners Value Investments LP Announces Substantial Issuer Bid

TORONTO, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Partners Value Investments LP (the Partnership or PVI LP, TSXV: PVF.UN TSXV: PVF.PR.U) announced today it intends to undertake a substantial issuer bid (the "Offer'') to exchange up to 8,000,000 of its Equity Limited Partnership Units (the Equity LP Units) for either, per Equity LP Unit, (A) US$43.75 cash and 1.05 newly issued Preferred Limited Partnership Units (the PVI LP Consideration Units) in the capital of PVI LP with a redemption price of US$26.25 (subject to a maximum of 5,800,000 Equity LP Units) (Option A) or, as an alternative, (B) 2.80 newly issued PVI LP Consideration Units with a redemption price of US$70 or, in the case of holders of Equity LP Units that are eligible Canadian corporations, 2.70 newly issued Preferred Limited Partnership Units (the SIB LP Consideration Units) in the capital of an indirect wholly-owned subsidiary of the Partnership with a redemption price of US$67.50 (subject to a maximum of 2,200,000 Equity LP Units) (Option B).