Power Corporation Announces Issue of Preferred Shares

Executive Summary

• Power Corporation of Canada announced a bought‑deal issuance of 6,000,000 non‑cumulative First Preferred Shares, Series I, for gross proceeds of $150 million at $25.00 per share.
• Underwriters have an option to purchase up to an additional 2,000,000 shares ($50 million) prior to closing, potentially raising total gross proceeds to $200 million.
• Net proceeds will be used for general corporate purposes; closing expected around November 20, 2025.

Key Details

• Offering Size: 6,000,000 Series I Preferred Shares (non‑cumulative, first preferred).
• Issue Price: $25.00 per share.
• Gross Proceeds: $150 million; up to $200 million if full underwriter option is exercised.
• Annual Dividend Yield: 5.65% payable on the Series I Shares.
• Closing Date: Expected on or about November 20, 2025.
• Underwriters/Syndicate Lead: BMO Capital Markets, RBC Capital Markets, Scotiabank.
• Underwriter Option: Up to 2,000,000 additional shares at the same issue price, exercisable up to 48 hours before closing.
• Use of Proceeds: General corporate purposes.
• Offering Structure: Bought‑deal basis; shares offered via a prospectus supplement to the short‑form base shelf prospectus dated November 19, 2024.
• Access to Documents: Prospectus Supplement and Shelf Prospectus will be available on SEDAR+ within two business days; copies can be obtained free of charge from joint bookrunners.
• Regulatory Note: Shares are not registered under the U.S. Securities Act and may not be offered or sold in the United States absent exemption.

Notable Quotes

(No executive quotes were included in the release.)