All figures are expressed in Canadian dollars.
MONTRÉAL, May 15, 2023
/CNW/ - 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 August 15, 2023
to shareholders of record July 25,
2023:
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 April 1 to June 30, 2023.
|
|
|
Dividends payable July 31, 2023 to
shareholders of record July 10,
2023:
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
|
37.8525¢
|
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
|
28.125¢
|
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 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 first quarter
2023 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