Power Corporation Announces Closing of Preferred Share Issue

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.)