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
Mr. Stéphane Lemay, Vice-President, General Counsel and Secretary, 514-286-7400
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