/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES/
All figures are in Canadian dollars. Readers are referred to the "Forward-Looking Statements" at the end of this release.
MONTRÉAL, May 26, 2017 /CNW Telbec/ - Power Financial Corporation (TSX: PWF) ("Power
Financial" or the "Corporation") announced today the closing of an offering of 10,000,000 5.15% Non-Cumulative First Preferred
Shares, Series V (the "Series V Shares") priced at $25.00 per share for gross proceeds of
$250 million.
The issue was bought by an underwriting syndicate co-led by BMO Capital Markets, RBC Capital Markets, Scotiabank and TD
Securities Inc.
The Series V Shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol "PWF.PR.Z". The net
proceeds from the issue will be used to supplement Power Financial's financial resources and for general corporate purposes.
The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption
from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to
buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.
ABOUT POWER FINANCIAL
Power Financial Corporation is a diversified management and holding company that has interests, directly or
indirectly, in companies in the financial services sector in Canada, the United States and Europe. It also has diversified investments in
industrial companies based in Europe. Power Financial Corporation is a member of the Power
Corporation Group of Companies. To learn more, visit www.powerfinancial.com.
Forward-Looking Statements
Certain statements in this news release, other than statements of historical fact, are forward-looking statements based on
certain assumptions and reflect the Corporation's current expectations. Forward-looking statements are provided for the purposes
of assisting the reader in understanding the Corporation's financial performance, financial position and cash flows as at and for
the periods ended on certain dates and to present information about management's current expectations and plans relating to the
future and the reader is cautioned that such statements may not be appropriate for other purposes. These statements may include,
without limitation, statements regarding the operations, business, financial condition, expected financial results, performance,
prospects, opportunities, priorities, targets, goals, ongoing objectives and strategies of the Corporation and the use of
proceeds from the issue of the Series V Shares. Forward-looking statements include statements that are predictive in nature,
depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes",
"estimates", "seeks", "intends", "targets", "projects", "forecasts" or negative versions thereof and other similar expressions,
or future or conditional verbs such as "may", "will", "should", "would" and "could".
By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give
rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that
assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors,
many of which are beyond the Corporation's and its subsidiaries' control, affect the operations, performance and results of the
Corporation and its subsidiaries and their businesses, and could cause actual results to differ materially from current
expectations of estimated or anticipated events or results. These factors include, but are not limited to: the impact or
unanticipated impact of general economic, political and market factors in North America and
internationally, interest and foreign exchange rates, global equity and capital markets, management of market liquidity and
funding risks, changes in accounting policies and methods used to report financial condition (including uncertainties associated
with critical accounting assumptions and estimates), the effect of applying future accounting changes, business competition,
operational and reputational risks, technological change, changes in government regulation and legislation, changes in tax laws,
unexpected judicial or regulatory proceedings, catastrophic events, the Corporation's and its subsidiaries' ability to complete
strategic transactions, integrate acquisitions and implement other growth strategies, and the Corporation's and its subsidiaries'
success in anticipating and managing the foregoing factors.
The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue
reliance on forward-looking statements. Information contained in forward-looking statements is based upon certain material
assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of
historical trends, current conditions and expected future developments, as well as other considerations that are believed to be
appropriate in the circumstances, including that the list of factors in the previous paragraph, collectively, are not expected to
have a material impact on the Corporation and its subsidiaries. While the Corporation considers these assumptions to be
reasonable based on information currently available to management, they may prove to be incorrect.
Other than as specifically required by applicable Canadian law, the Corporation undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the
occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise.
Additional information about the risks and uncertainties of the Corporation's business and material factors or assumptions on
which information contained in forward-looking statements is based is provided in its disclosure materials, including its most
recent Management's Discussion and Analysis and Annual Information Form, filed with the securities regulatory authorities in
Canada and available at www.sedar.com.
SOURCE Power Financial Corporation
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