Sign Up

Power Corporation Announces Issue of Preferred Shares

Base shelf prospectus is accessible, and prospectus supplement will be accessible within two business days, on SEDAR+

Readers are referred to the section Forward-Looking Statements at the end of this release.

MONTRÉAL, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Power Corporation of Canada ("Power Corporation" or "PCC") (TSX:POW) announced today that Power Corporation has agreed to issue 6,000,000 Non-Cumulative First Preferred Shares, Series H in the capital of Power Corporation (the "Series H Shares") on a bought deal basis, for gross proceeds of $150 million. The Series H Shares will be priced at $25.00 per share (the "Issue Price") and will carry an annual dividend yield of 5.75%. Closing is expected on or about September 22, 2025. The issue will be underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank.

Power Corporation has granted the underwriters an option, exercisable up to 48 hours prior to closing, to purchase up to an additional 2,000,000 Preferred Shares ($50 million) at the Issue Price. Should the underwriters' option be exercised fully, the total gross proceeds of the offering will be $200 million.

The net proceeds of this offering will be used by Power Corporation for general corporate purposes.

The Series H Shares will be offered in each of the provinces and territories of Canada by way of a prospectus supplement (the "Prospectus Supplement") to the short form base shelf prospectus (the "Shelf Prospectus") of the Company dated November 19, 2024.

Access to the Prospectus Supplement, the Shelf Prospectus and any amendments to the documents is provided in accordance with securities legislation relating to procedures for providing access to a prospectus supplement, a base shelf prospectus and any amendment. The Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Prospectus Supplement, the Shelf Prospectus and any amendment to the documents may be obtained, without charge, from any of the joint bookrunners by contacting BMO Capital Markets by email at RBC Capital Markets by email at and Scotiabank by email at and by providing the contact with an email address or address, as applicable. The Shelf Prospectus and Prospectus Supplement contain important, detailed information about PCC and the proposed offering of Series H Shares. Prospective investors should read the Shelf Prospectus and Prospectus Supplement (when filed) before ...