All figures are expressed in Canadian dollars.
MONTRÉAL, March 20,
2024 /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, 2024 to
shareholders of record April 24,
2024:
|
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,
2024.
|
Dividends payable April 30, 2024
to shareholders of record April 9,
2024:
|
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
|
40.9130¢
|
|
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
|
34.9688¢
|
|
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 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.sedarplus.com.
SOURCE Power Financial Corporation