{"id":50834,"date":"2025-11-20T21:00:13","date_gmt":"2025-11-21T02:00:13","guid":{"rendered":"https:\/\/prefblog.com\/?p=50834"},"modified":"2025-11-20T21:00:13","modified_gmt":"2025-11-21T02:00:13","slug":"pow-pr-i-soft-on-adequate-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50834","title":{"rendered":"POW.PR.I Soft on Adequate Volume"},"content":{"rendered":"<p>Power Corporation <a href=\"https:\/\/www.powercorporation.com\/en\/news\/press-releases\/2025\/power-corporation-announces-closing-of-preferred-share-issue-122688\">has announced<\/a>:<\/p>\n<blockquote><p>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 &#8220;Series I Shares&#8221;) 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.<\/p>\n<p>The Series I shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol &#8220;POW.PR.I&#8221;. The net proceeds of this offering will be used by Power Corporation for general corporate purposes.<\/p><\/blockquote>\n<p>POW.PR.I is a 5.65% Straight Perpetual <a href=\"https:\/\/prefblog.com\/?p=50662\">announced 2025-11-13<\/a>. It has been added to the PerpetualDiscount sub-index.<\/p>\n<p>The issue traded 361,500 shares today in a range of 24.85-95 before closing at 24.87-88. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>POW.PR.I<\/td>\n<td>Perpetual-Discount<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-20<br \/>\nMaturity Price  : 24.50<br \/>\nEvaluated at bid price : 24.89<br \/>\nBid-YTW : 5.69 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Power Corporation has announced: 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 &#8220;Series I Shares&#8221;) priced at $25.00 per share for gross &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-50834","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50834"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50834\/revisions"}],"predecessor-version":[{"id":50841,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50834\/revisions\/50841"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}