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    PWF   CA73927C1005

POWER FINANCIAL CORPORATION

(PWF)
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Power Financial : Dividends on Preferred Shares

03/17/2021 | 04:32pm EDT

All figures are expressed in Canadian dollars.

MONTRÉAL, March 17, 2021 /CNW Telbec/ - 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, 2021 to shareholders of record April 23, 2021:

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, 2021.

Dividends payable April 30, 2021 to shareholders of record April 9, 2021:

Series

Stock Symbol

Amount


Series

Stock Symbol

Amount

Series D

PWF.PR.E

34.375¢


Series O

PWF.PR.O

36.25¢

Series E

PWF.PR.F

32.8125¢


Series P

PWF.PR.P

12.4875¢

Series F

PWF.PR.G

36.875¢


Series Q

PWF.PR.Q

10.4545¢

Series H

PWF.PR.H

35.9375¢


Series R

PWF.PR.R

34.375¢

Series I

PWF.PR.I

37.50¢


Series S

PWF.PR.S

30¢

Series K

PWF.PR.K

30.9375¢


Series T

PWF.PR.T

26.3438¢

Series L

PWF.PR.L

31.875¢


Series V

PWF.PR.Z

32.1875¢

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 (NI 51-102) pursuant to Section 13.1 of NI 51-102 and 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 2020 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.sedar.com.

SOURCE Power Financial Corporation

© Canada Newswire, source Canada Newswire English

Stocks mentioned in the article
ChangeLast1st jan.
POWER FINANCIAL CORPORATION -1.53% 14.77 Delayed Quote.34.27%
POWER FINANCIAL CORPORATION 0.00%End-of-day quote.3.92%
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Financials
Sales 2020 64 616 M 53 028 M 53 028 M
Net income 2020 2 046 M 1 679 M 1 679 M
Net Debt 2020 10 189 M 8 362 M 8 362 M
P/E ratio 2020 11,8x
Yield 2020 -
Capitalization 24 113 M 17 697 M 19 789 M
EV / Sales 2019 0,71x
EV / Sales 2020 0,53x
Nbr of Employees 28 400
Free-Float -
Income Statement Evolution
Managers and Directors
NameTitle
Robert Jeffrey Orr President, Chief Executive Officer & Director
Gregory Dennis Tretiak Chief Financial Officer & Executive Vice President
T. Timothy Ryan Director
Gary A. Doer Director
Siim Alden Vanaselja Director