TORONTO, May 17, 2024 (GLOBE NEWSWIRE) -- Partners Value Investments L.P. ((the "Partnership", TSX:PVF, TSX:PVF) announced today its financial results for the three months ended March 31, 2024. All amounts are stated in U.S. dollars. The Partnership recorded net income of $26.3 million for the three months ended March 31, 2024, compared to net income of $7.3 million in the prior year quarter. The increase in income was primarily driven by the higher dividend income, foreign currency gains and tax recoveries. Income of $24.7 million was attributable to the Equity Limited Partners, and $1.6 million was attributable to Preferred Limited Partners. As at March 31, 2024, the market prices of a Brookfield Corporation (TSX:BN) and Brookfield Asset Management Ltd. ((the "Manager", TSX:BAM) share were $41.87 and $42.02, respectively. As at May 16, 2024, the market prices of a BN and BAM share were $44.64 and $39.97, respectively. Consolidated Statements of Operations (Unaudited)For the three months ended March 31(Thousands, US dollars)             2024       2023   Investment income               Dividends     $ 24,027     $ 19,607   Other investment income       4,035       3,216           28,062       22,823   Expenses               Operating expenses       (2,437)       (584)   Financing costs       (2,481)       (2,300)   Retractable preferred share dividends       (9,736)       (10,316)           (14,654)       (13,200)                   Other items               Investment valuation gains       924       2,242   Amortization of deferred financing costs       (884)       (842)