Partners Value Investments’ Class A Substantial Issuer Bid

Torys LLP advised the partnership on the transaction.

Partners Value Investments LP (TSXV: PVF.UN TSXV: PVF.PR.U) announced the results of its previously announced substantial issuer bid to purchase up to 5,000,000 Class A Preferred Limited Partnership Units, Series 1 of the Partnership at a price per Preferred Unit of US$25.0894.

The Offer expired on November 30, 2020. A total of 3,958,203 Preferred Units have been tendered under the Offer.

In accordance with the terms of the Offer, the Partnership will be taking up 3,958,203 Preferred Units at a price per Preferred Unit equal to the Purchase Price. Payments will be made to tendering holders of Preferred Units as soon as possible.

The Torys team included Jim Hong (Picture), Paulina Taneva and Jordan Fenton (corporate/securities) and Corrado Cardarelli (tax).

Involved fees earner: Corrado Cardarelli – Torys LLP; Jordan Fenton – Torys LLP; Jim Hong – Torys LLP; Paulina Taneva – Torys LLP;

Law Firms: Torys LLP;

Clients: Partners Value Investments LP;

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Author: Ambrogio Visconti