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Power Corporation Announces Redemption of Preferred Shares
Power Corporation Announces Redemption of Preferred Shares Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n Power Corporation Announces Redemption of Preferred Shares\n \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.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n Readers are referred to the section \"Forward-Looking Statements\" at the end of this release.\n \n \n All figures are expressed in Canadian dollars.\n \n \n MONTRÉAL,\n \n Dec. 15, 2021\n \n /CNW Telbec/ - Power Corporation of\n \n Canada\n \n (\"Power Corporation\" or the \"Corporation\") (TSX: POW.PR.F) announced today that it intends to redeem all 86,100 of its outstanding Cumulative Redeemable First Preferred Shares, 1986 Series (the \"1986 Series Shares\") on\n \n January 15, 2022\n \n .\n \n \n In accordance with the terms of the 1986 Series Shares, the redemption price will be\n \n $50.00\n \n per 1986 Series Share together with all accrued and unpaid dividends, net of any tax required to be withheld by the Corporation. On\n \n November 10, 2021\n \n , the board of directors of the Corporation declared a quarterly dividend on the 1986 Series Shares, payable\n \n January 15, 2022\n \n to shareholders of record\n \n December 24, 2021\n \n , of\n \n $0\n \n .2144\n \n [1]\n \n . A notice of the redemption of the 1986 Series Shares will be provided in accordance with the rights, privileges and conditions attached to the 1986 Series Shares.\n \n \n \n About Power Corporation\n \n \n \n Power Corporation of\n \n Canada\n \n is an international management and holding company that focuses on financial services in\n \n North America\n \n ,\n \n Europe\n \n and\n \n Asia\n \n ...