MONTRÉAL, Nov. 10, 2021 /CNW
Telbec/ - The Board of Directors of Power Financial Corporation
(Power Financial or the Corporation) today declared the following
quarterly dividends on the Corporation's preferred shares.
Dividends on Preferred Shares
Dividends payable February 15,
2022 to shareholders of record January 25, 2022:
|
Series
|
Stock
Symbol
|
Amount
|
|
Series A
|
PWF.PR.A
|
Floating
rate [1]
|
|
[1]
Equal to one quarter of 70% of the
average prime rate of two major Canadian chartered banks for the
period October 1 to December 31, 2021.
|
Dividends payable January 31, 2022
to shareholders of record January 10,
2022:
|
Series
|
Stock
Symbol
|
Amount
|
|
Series
|
Stock
Symbol
|
Amount
|
|
Series D
|
PWF.PR.E
|
34.375¢
|
|
Series P
|
PWF.PR.P
|
12.4875¢
|
|
Series E
|
PWF.PR.F
|
32.8125¢
|
|
Series Q
|
PWF.PR.Q
|
11.0023¢
|
|
Series F
|
PWF.PR.G
|
36.875¢
|
|
Series R
|
PWF.PR.R
|
34.375¢
|
|
Series H
|
PWF.PR.H
|
35.9375¢
|
|
Series S
|
PWF.PR.S
|
30¢
|
|
Series K
|
PWF.PR.K
|
30.9375¢
|
|
Series T
|
PWF.PR.T
|
26.3438¢
|
|
Series L
|
PWF.PR.L
|
31.875¢
|
|
Series V
|
PWF.PR.Z
|
32.1875¢
|
|
Series O
|
PWF.PR.O
|
36.25¢
|
|
Series 23
|
PWF.PF.A
|
32.288¢
[1]
|
|
[1]
Initial dividend based on issuance date
of October 15, 2021.
|
Dividends payable November 22,
2021 to shareholders of record November 17, 2021:
|
Series
|
Stock
Symbol
|
Amount
|
|
Series I
|
PWF.PR.I
|
9.041¢ [1]
|
|
[1] On
October 18, 2021, Power Financial announced that it intends to
redeem all of its outstanding 6.00% Non-Cumulative First Preferred
Shares, Series I on November 22, 2021. The Board of Directors of
Power Financial has approved a dividend of 9.041¢, payable on
November 22, 2021 to shareholders of record on November 17, 2021.
The redemption price of $25.00 per share will be paid separately on
the redemption date to shareholders of record on November 22,
2021.
|
For purposes of the Income Tax Act (Canada) and any similar provincial
legislation, all of the above dividends on the Corporation's
preferred shares are eligible dividends.
About Power Financial
Power Financial, a wholly owned subsidiary of Power Corporation
of Canada, is an international
management and holding company with interests in financial services
and asset management businesses in Canada, the United
States and Europe. It also
has significant holdings in a portfolio of global companies based
in Europe. To learn more,
visit www.PowerFinancial.com.
Readers are reminded that Power Financial relies on certain
of the continuous disclosure documents filed by Power Corporation
of Canada pursuant to an exemption from the requirements of
National Instrument 51-102 – Continuous Disclosure
Obligations (NI 51-102) pursuant to Section 13.1 of NI 51-102
and as provided in the decision of the Autorité des marchés
financiers and the Ontario Securities Commission, dated
January 19, 2021,
regarding Power Financial and Power Corporation of
Canada, and that such continuous
disclosure documents, including a press release announcing the
third quarter 2021 financial results of Power Corporation of
Canada, can be found for viewing in electronic format under
the profile of Power Financial on SEDAR at www.sedar.com.
SOURCE Power Financial Corporation