Prospectus excerpt:  This offering of 4.40% Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series P (the “Series P First Preferred Shares”) of Power Financial Corporation (“Power Financial” or the “Corporation”) under this prospectus supplement (the “Prospectus Supplement”) consists of 8,000,000 Series P First Preferred Shares. The holders of the Series P First Preferred Shares will be entitled to fixed non-cumulative preferential cash dividends, as and when declared by the Board of Directors of the Corporation (the “Board of Directors”) for the initial period from and including the closing date of this offering to but excluding January 31, 2016 (the “Initial Fixed Rate Period”) payable quarterly on the last day of January, April, July, and October in each year at an annual rate of $1.10 per share. The initial dividend, if declared, will be payable on October 31, 2010 and will be $0.37370 per share, based on the anticipated closing date of this offering of Series P First Preferred Shares of June 29, 2010. See “Details of the Offering”.

For each five-year period after the Initial Fixed Rate Period (each a “Subsequent Fixed Rate Period”), the holders of Series P First Preferred Shares will be entitled to receive fixed non-cumulative preferential cash dividends, as and when declared by the Board of Directors, payable quarterly on the last day of January, April, July, and October in each year, in the amount per share per annum determined by multiplying the Annual Fixed Dividend Rate (as defined herein) applicable to such Subsequent Fixed Rate Period by $25.00. The Annual Fixed Dividend Rate for the ensuing Subsequent Fixed Rate Period will be determined by Power Financial on the 30th day prior to the first day of such Subsequent Fixed Rate Period and will be equal to the sum of the Government of Canada Yield (as defined herein) on the date on which the Annual Fixed Dividend Rate is determined plus 1.60%. See “Details of the Offering”.