Investors

Reorganization

On December 13, 2019, Power Corporation of Canada and Power Financial Corporation announced a reorganization, simplified corporate structure, and refocused strategy. The completion of the reorganization transaction was announced February 13, 2020.

Below, you will find important information about the reorganization.

News release announcing the completion of the reorganization and the determination of the final offer price for the pre-emptive right News release announcing shareholder approval of reorganization transaction News release announcing receipt of Interim Order and mailing of Management Proxy Circular News release announcing the reorganization Fact sheet – updated January 2020 Management Proxy Circular

WHEN
February 11, 2020
9:00 a.m. (Eastern time)

WHERE
InterContinental Hotel 
Sherwood-Stratton Hall 
360 Saint-Antoine St. W.
Montréal, Québec H2Y 3X4
 

FAQ – extract from the Management Proxy Circular

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.

Letter of transmittal Analyst call presentation – December 13, 2019

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
 
The Meeting Materials include references to net asset value and net asset value per share, financial measures which are not in accordance with International Financial Reporting Standards ("IFRS"). Net asset value presents the fair value of the net assets of each respective company and is used to assist in assessing value, on a per share basis. These non-IFRS financial measures do not have a standard meaning and may not be comparable to similar measures used by other entities. Refer to the "Non-IFRS Measures and Presentation" section of PFC's and PCC's most recent Management's Discussion and Analysis for the definition of non-IFRS financial measures and reconciliation with IFRS financial measures.
 

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