On December 13, 2019, Power Corporation of Canada and Power Financial Corporation announced a reorganization, simplified corporate structure, and refocused strategy.
Below, you will find important information about the reorganization.
If you are a holder of Power Financial common shares and would like to vote your shares, click here.
News release announcing the reorganization Fact sheet – updated January 2020In 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.
The Tax Instruction Letter referenced in Power Financial’s Management Proxy Circular will be posted on this website in February 2020. The Tax Instruction Letter will provide important information for shareholders wishing to benefit from a tax-deferred rollover for Canadian income tax purposes. Please check back at a later date.
A conference call was held with the investment community on December 13, 2019 to discuss the reorganization announcement.
The webcast archive will be available for approximately 60 days following the conference call at https://onlinexperiences.com/Launch/QReg/ShowUUID=A1ACC621-F036-440F-B494-A9DC30114C15.
Non-IFRS Financial Measures and Presentation
