Dividends

Dividend amounts and dates are subject to approval by the Board of Directors.

Designation of Eligible Dividends

All dividends paid by Power Financial Corporation in 2006 are eligible dividends for purposes of determining the tax credit, with the exception that the dividends paid on any class of shares prior to March 24, 2006 are not eligible dividends for Quebec tax purposes.

All dividends paid by Power Financial Corporation in 2007 and subsequent years will be designated as eligible dividends, unless indicated otherwise.

Please consult with your own tax advisor for advice with respect to the income tax consequences to you of Power Financial Corporation designating dividends as “eligible dividends”.

PWF.PR.O

First Preferred Shares Series O

Declaration Date

The date on which the next dividend payment is announced by the board of directors of the Corporation.

Record Date

The date established by the Corporation for the purpose of determining the holders who are entitled to receive a dividend.

Payment Date

Amount

2012

November 14

January 10, 2013

January 31, 2013

August 3

October 10

October 31

May 14

July 10

July 31

36.2500¢

March 14

April 10

April 30

36.2500¢

2011

November 11

January 10, 2012

January 31, 2012

36.2500¢

August 5

October 10

October 31

36.2500¢

May 12

July 8

July 31

36.2500¢

March 10

April 8

April 30

36.2500¢

2010

November 12

January 10, 2011

January 31, 2011

36.2500¢

August 6

October 8

October 31

36.2500¢

May 12

July 9

July 31

36.2500¢

March 11

April 9

April 30

36.2500¢

2009

November 12

January 8, 2010

January 31, 2010

45.2880¢