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Financings

Power Corporation Announces Closing of Preferred Share Issue

By The Northwire Desk — AI Analysis Nov 20, 2025 · 08:32 POW · 68.17 POWER CORPORATION OF CANADA SV
POW · Price

Executive Summary

  • Power Corporation of Canada closed its offering of 8,000,000 Series I non‑cumulative first preferred shares at $25.00 per share, generating gross proceeds of $200 million.
  • The shares carry a 5.65% dividend rate, will trade on the Toronto Stock Exchange under the ticker “POW.PR.I”, and were underwritten by BMO Capital Markets, RBC Capital Markets and Scotiabank.
  • Net proceeds are earmarked for general corporate purposes, providing the company with significant liquidity for strategic initiatives.

Key Details

  • Offering size: 8,000,000 Series I Preferred Shares.
  • Pricing: $25.00 per share; total gross proceeds of $200 million.
  • Dividend rate: 5.65% non‑cumulative.
  • Underwriters: Syndicate led by BMO Capital Markets, RBC Capital Markets and Scotiabank.
  • Listing: Shares to be listed on the Toronto Stock Exchange under symbol POW.PR.I.
  • Use of proceeds: Net proceeds will be used for general corporate purposes.
  • Regulatory note: Securities not registered under U.S. securities laws; cannot be offered or sold in the United States absent exemption or registration.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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