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Reorganization

On December 13, 2019, Power Corporation of Canada and Power Financial Corporation announced a reorganization, simplified corporate structure, and refocused strategy. The completion of the reorganization transaction was announced February 13, 2020.

Below, you will find important information about the reorganization.

News release announcing the completion of the reorganization and the determination of the final offer price for the pre-emptive right News release announcing receipt of Power Financial shareholder approval of reorganization transaction News release announcing the reorganization Tax Information for U.S. Shareholders - IRS Form 8937 Supplemental notice to holders of participating preferred shares of Power Corporation Fact sheet – updated January 2020

In accordance with the pre-emptive right in favour of holders of Participating Preferred Shares included in the Power Corporation of Canada articles, holders of Participating Preferred Shares of record as at 5:00 p.m. (Montréal time) on December 27, 2019 may acquire, on a pro rata basis, such number of Participating Preferred Shares that is equal to 12.0% of the number of Subordinate Voting Shares proposed to be issued pursuant to the reorganization.  

A notice of the offer detailing, among other things, the terms and conditions of the offer and how eligible holders of Participating Preferred Shares may elect to exercise their pre-emptive right has been mailed to holders and is available below.

Notice – Pre-emptive right
Analyst call presentation - December 13, 2019

 

Non-IFRS Financial Measures and Presentation
 
The Meeting Materials include references to net asset value and net asset value per share, financial measures which are not in accordance with International Financial Reporting Standards ("IFRS"). Net asset value presents the fair value of the net assets of each respective company and is used to assist in assessing value, on a per share basis. These non-IFRS financial measures do not have a standard meaning and may not be comparable to similar measures used by other entities. Refer to the "Non-IFRS Measures and Presentation" section of PFC's and PCC's most recent Management's Discussion and Analysis for the definition of non-IFRS financial measures and reconciliation with IFRS financial measures.
 

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