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Power Financial Corp | Non-Cumulative First Preferred Shares, Series I (PWF.PRI.CA)
Prospectus excerpt: The 6.00% Non-Cumulative First Preferred Shares, Series I (the ‘‘Series I First Preferred Shares’’) will be entitled to fixed noncumulative preferential cash dividends, if, as and when declared by the Board of Directors, at a rate equal to $1.5000 per share per annum. The initial dividend, if declared, will be payable April 30, 2003, and will be $0.20548 per share, based upon an anticipated issue date of March 11, 2003. Thereafter, dividends will be payable quarterly at a rate of $0.3750 per share. Certain provisions relating to the Series I First Preferred Shares are summarized under ‘‘Details of the Offering’’. On and after April 30, 2008, Power Financial Corporation (‘‘Power Financial’’ or the ‘‘Corporation’’) may, on not less than 30 nor more than 60 days’ notice, redeem for cash the Series I First Preferred Shares in whole or in part, at the Corporation’s option, at $26.00 per share if redeemed prior to April 30, 2009, $25.75 if redeemed on or after April 30, 2009 and prior to April 30, 2010, $25.50 if redeemed on or after April 30, 2010 and prior to April 30, 2011, $25.25 if redeemed on or after April 30, 2011 and prior to April 30, 2012 and $25.00 if redeemed on or after April 30, 2012, in each case together with all declared and unpaid dividends to but excluding the date of redemption. See ‘‘Details of the Offering’’. Full Prospectus PDF », PWF.CA Page »
Series: | I | Alternate symbology: | PWF-I.CA, PWF-PI.CA, PWFprI.CA | Redeemable?: | Yes | Call Date: | 4/30/2012 (Now Trading Post Call Date) | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 8000000 | Liquidation Preference: | $25 | Original Coupon: | 6.00% | Pay Period: | Quarterly | Pay Dates: | 31-Jan, 30-Apr, 31-Jul, 31-Oct | CDx3 Compliance Rating: |
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Power Financial is an international management and holding company that holds interests, directly or indirectly, in companies across the financial services, communications and other business sectors. Co. has three reportable operating segments: Great-West Lifeco Inc., which offers a range of life insurance, retirement, investment products, reinsurance and specialty general insurance products; IGM Financial Inc., which offers financial planning services, investment products, investment advisory and management services; and Parjointco N.V., which include specialty minerals, water, waste services, energy, wines and spirits. As of Dec 31 2010, Co. had total assets of C$143,255,000. Preferreds: PWF.PRA.CA, PWF.PRE.CA, PWF.PRF.CA, PWF.PRG.CA, PWF.PRH.CA, PWF.PRI.CA, PWF.PRK.CA, PWF.PRL.CA, PWF.PRM.CA, PWF.PRO.CA, PWF.PRP.CA, PWF.PRR.CA, PWF.PRS.CA Open the PWF.CA Information Page »
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