All figures are expressed in Canadian dollars.
MONTRÉAL, March 16,
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 May 15, 2023 to
shareholders of record April 24,
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 January 1 to March 31, 2023.
|
Dividends payable April 30, 2023 to
shareholders of record April 6,
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
|
35.9843¢
|
|
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 fourth quarter
and 2022 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