Bullboard - Stock Discussion Forum Power Financial 4 50 Non Cumulative Pref Shs Series 23 T.PWF.PF.A

Alternate Symbol(s): T.PWF.PR.A | T.PWF.PR.E | T.PWF.PR.G | T.PWF.PR.H | T.PWF.PR.F | T.PWF.PR.K | T.PWF.PR.O | T.PWF.PR.L | T.PWF.PR.P | T.PWF.PR.Q | T.PWF.PR.R | T.PWF.PR.S | T.PWF.PR.T | PWFNF | T.PWF.PR.Z

Financial Services Insurance - Diversified

Power Financial Corporation (Power Financial) is a Canada-based international management and holding company. The Company is interested in financial services and asset management businesses in Canada, the United States and Europe. Power Financial offers holdings in a portfolio of global companies based in Europe.

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TSX:PWF.PF.A - Post Discussion

Power Financial 4 50 Non Cumulative Pref Shs Series 23 > Redemption of Preferred Shares

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Post by Betteryear2 on Oct 18, 2021 2:41pm

Redemption of Preferred Shares

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

Readers are referred to the section "Forward-Looking Statements" at the end of this release. All figures are expressed in Canadian dollars.

MONTRAL, Oct. 18, 2021 /CNW Telbec/ - Power Financial Corporation ("Power Financial" or the "Corporation") (TSX: PWF.PR.I) announced today that it intends to redeem all 8,000,000 of its outstanding 6.00% Non-Cumulative First Preferred Shares, Series I (the "Series I Shares") on November 22, 2021.

In accordance with the terms of the Series I Shares, the redemption price will be $25.00 per Series I Share (for a total of $200 million) together with any declared and unpaid dividends, net of any tax required to be withheld by the Corporation. A notice of the redemption of the Series I Shares will be provided in accordance with the rights, privileges and conditions attached to the Series I Shares.

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