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Power Corporation Announces Closing of Preferred Share Issue
Power Corporation Announces Closing of Preferred Share Issue Canada NewsWire /NOT...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n\n\nPower Corporation Announces Closing of Preferred Share Issue\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\nReaders are referred to the section Forward-Looking Statements at the end of this release.\nMONTRÉAL, Nov. 20, 2025 /CNW/ - Power Corporation of Canada (\"Power Corporation\" or the \"Corporation\" or \"Power\") (TSX: POW) announced today the closing of its offering of 8,000,000 5.65% Non-Cumulative First Preferred Shares, Series I in the capital of the Corporation (the \"Series I Shares\") priced at $25.00 per share for gross proceeds of $200 million. The issue was bought by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank.\nThe Series I shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol \"POW.PR.I\". The net proceeds of this offering will be used by Power Corporation for general corporate purposes.\nThe 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 press 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.\nAbout Power CorporationPower Corporation is an international management and holding company that focuses on financial services in North America, Europe and Asia. Its core holdings are leading insurance, retirement, ...