Power Corporation Announces Issue of Preferred Shares

Core Points - Power Corporation of Canada ("Power Corporation" or "PCC") announced the issuance of 6,000,000 Non-Cumulative First Preferred Shares, Series H, for gross proceeds of $150 million, priced at $25.00 per share with an annual dividend yield of 5.75% [2][3] - The offering is expected to close around September 22, 2025, and is underwritten by a syndicate led by BMO Capital Markets, RBC Capital Markets, and Scotiabank [2][3] - An option has been granted to underwriters to purchase an additional 2,000,000 Preferred Shares, potentially increasing total gross proceeds to $200 million if fully exercised [3] Offering Details - The Series H Shares will be offered across all provinces and territories of Canada through a prospectus supplement to the short form base shelf prospectus dated November 19, 2024 [4] - Access to the Prospectus Supplement and Shelf Prospectus will be available on SEDAR+ within two business days [5] Company Overview - Power Corporation is an international management and holding company focusing on financial services in North America, Europe, and Asia, with core holdings in insurance, retirement, wealth management, and investment businesses [7]