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Power Corporation - Dividends on Preferred and Participating Shares

Mittwoch, 15.02.2017 14:35 von

Canada NewsWire

MONTRÉAL, Feb. 15, 2017 /CNW Telbec/ - Power Corporation of Canada (TSX: POW) announces the declaration of quarterly dividends on its shares.

DIVIDENDS ON NON-PARTICIPATING PREFERRED SHARES

The Board of Directors declared quarterly dividends on the Corporation's preferred shares, as follows:

 


SERIES – STOCK SYMBOL

RECORD DATE

PAYMENT DATE

AMOUNT

1986 Series – POW.PR.F 

March 24, 2017

April 15, 2017

At a floating rate equal to one quarter of 70% of the average prime rate of two major Canadian chartered banks [1]

Series A – POW.PR.A

March 24, 2017

April 15, 2017

35¢

Series B – POW.PR.B

March 24, 2017

April 15, 2017

33.4375¢

Series C – POW.PR.C

March 24, 2017

April 15, 2017

36.25¢

Series D – POW.PR.D

March 24, 2017

April 15, 2017

31.25¢

Series G – POW.PR.G

March 24, 2017

April 15, 2017

35¢

[1] In accordance with the articles of the Corporation

 

DIVIDENDS ON PARTICIPATING SHARES

The Board of Directors also declared a quarterly dividend of 33.50 cents per share on the Participating Preferred Shares and the Subordinate Voting Shares of the Corporation, payable March 31, 2017 to shareholders of record on March 10, 2017.

Financial results for the year 2016 will be announced following the forthcoming regularly scheduled meeting of the Corporation's Board of Directors on March 24, 2017.

For purposes of the Income Tax Act (Canada) and any similar provincial legislation, all of the above dividends on the Corporation's preferred shares (including the Participating Preferred Shares) and Subordinate Voting Shares are eligible dividends.

ABOUT POWER CORPORATION

Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, communications and other business sectors in North America, Europe and Asia. To learn more, visit www.PowerCorporation.com.

 

SOURCE Power Corporation of Canada