Power Corporation of Canada has announced:
the closing of Power Corporation’s offering of 8,000,000 5.75% Non-Cumulative First Preferred Shares, Series H in the capital of Power Corporation (the “Series H 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.
The Series H shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol “POW.PR.H”. The net proceeds of this offering will be used by Power Corporation for general corporate purposes.
POW.PR.H is a 5.75% Straight Perpetual announced 2025-9-15. It has been added to the PerpetualPremium sub-index.
The issue traded 831,540 shares today in a range of 24.95-12 before closing at 25.10-12. Vital statistics are:
| POW.PR.H | Perpetual-Premium | YTW SCENARIO Maturity Type : Call Maturity Date : 2034-10-15 Maturity Price : 25.00 Evaluated at bid price : 25.10 Bid-YTW : 5.74 % |