Credit Rating Report

Partners Value Split Corp.: Rating Report

Split Shares & Funds

Summary

DBRS Limited (DBRS Morningstar) finalized its provisional rating of Pfd-2 (low) on the Class AA Preferred Shares, Series 12 (the Series 12 Preferred Shares) issued by Partners Value Split Corp. (the Company). DBRS Morningstar also confirmed the ratings on the Class AA Preferred Shares, Series 7 (the Series 7 Preferred Shares); Class AA Preferred Shares, Series 8 (the Series 8 Preferred Shares); Class AA Preferred Shares, Series 9 (the Series 9 Preferred Shares); Class AA Preferred Shares, Series 10 (the Series 10 Preferred Shares); and the Class AA Preferred Shares, Series 11 (the Series 11 Preferred Shares; collectively, the Class AA Preferred Shares) at Pfd-2 (low).

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