Power Corp. closes $200M preferred share financing

Mr. Stephane Lemay reports POWER CORPORATION ANNOUNCES CLOSING OF PREFERRED SHARE ISSUE Power Corp. of Canada has closed its offering of eight million 5.65 per cent non-cumulative first preferred shares, Series I, in the capital of the corporation priced at $25.00 per share for gross proceeds of $200-million. The issue was bought by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank. The Series I shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol POW.PR.I. The net proceeds of this offering will be used by Power Corp. for general corporate purposes. About Power Corp. of Canada Power Corp. is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. We seek Safe Harbor.