Key Developments: Power Financial Corp (POFNF.PK)

POFNF.PK on OTC Markets Group

32.09USD
22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Power Financial Corp declares quarterly dividend
Friday, 8 Aug 2014 10:25am EDT 

Power Financial Corp:Declares a quarterly dividend of 35 cents per share on the Corporation's common shares.Payable Oct. 31 to shareholders of record Sept. 30.  Full Article

Power Financial Corp declares quarterly dividend
Wednesday, 14 May 2014 11:16am EDT 

Power Financial Corp:Declared a quarterly dividend of 35 cents per share.Payable Aug. 1 to shareholders of record June 30.  Full Article

Power Financial Corp declares quarterly dividend of 35 cents per share
Wednesday, 19 Mar 2014 09:09am EDT 

Power Financial Corp:Declares quarterly dividend of 35 cents per share on Corporation's common shares payable May 1 to shareholders of record March 31.  Full Article

Power Financial Corp Declares Quarterly Dividend
Friday, 2 Aug 2013 09:48am EDT 

Power Financial Corp announced that the Board of Directors also declared a quarterly dividend of USD0.35 per share on the Corporation's common shares payable November 1, 2013to shareholders of record on September 30, 2013.  Full Article

Power Financial Corp Acquires Common Shares Of Great-West Lifeco Inc
Thursday, 18 Jul 2013 08:04am EDT 

Power Financial Corp announced that a wholly owned subsidiary was issued 21,410,000 common shares of Great-West Lifeco Inc. (Lifeco), a subsidiary of the Corporation, upon the automatic exchange of 21,410,000 Lifeco subscription receipts following the completion of the previously announced acquisition of Irish Life Group Ltd. by Lifeco. Financial terms of the transaction were not disclosed.  Full Article

Power Financial Corp Declares Quarterly Dividend
Tuesday, 14 May 2013 12:10pm EDT 

Power Financial Corp announced that the Board of Directors also declared a quarterly dividend of 35 cents per share on the Corporation's common shares payable August 1, 2013 to shareholders of record on June 28, 2013.  Full Article

Power Financial Corp Declares Quarterly Dividend
Wednesday, 13 Mar 2013 08:54am EDT 

Power Financial Corp announced that the Board of Directors declared a quarterly dividend of $0.35 per share on the Corporation's common shares payable May 1, 2013 to shareholders of record March 28, 2013.  Full Article

Power Financial Corp Announces Closing Of Preferred Share Issue
Thursday, 28 Feb 2013 09:35am EST 

Power Financial Corp announced that the completion and closing of an offering of 12,000,000 4.80% Non-Cumulative First Preferred Shares, Series S (the Series S Shares) priced at $25.00 per share to raise gross proceeds of $300 million.The issue was bought by an underwriting syndicate co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank.  Full Article

Power Financial Corp Increases Issue of Preferred Shares to $300 Million
Tuesday, 19 Feb 2013 02:47pm EST 

Power Financial Corp announced that due to demand, the Corporation has increased the size of its previously announced bought deal public offering to 12,000,000 Non-Cumulative First Preferred Shares, Series S (the Series S Shares) for gross proceeds of $300 million. The Series S Shares will be priced at $25.00 per share and will carry an annual dividend yield of 4.80%. Closing is expected to occur on or about February 28, 2013. The issue will be underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank. Proceeds from the issue will be used to acquire subscription receipts of Great-West Lifeco Inc. (Lifeco) exchangeable into common shares of Lifeco as part of the $1.25 billion offering of subscription receipts announced by Lifeco earlier in connection with its proposed acquisition of Irish Life Group Limited and to supplement Power Financial's financial resources.  Full Article

Power Financial Corp Announces Issue of Preferred Shares
Tuesday, 19 Feb 2013 11:12am EST 

Power Financial Corp announced that it has agreed to issue 8,000,000 Non-Cumulative First Preferred Shares, Series S (the Series S Shares) on a bought deal basis, for gross proceeds of $200 million. The Series S Shares will be priced at $25.00 per share and will carry an annual dividend yield of 4.80%. Closing is expected to occur on or about February 28, 2013. The issue will be underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank. Power Financial has also granted the underwriters an option to purchase an additional 2,000,000 Series S Shares at the same offering price. Should the underwriters' option be exercised fully, the total gross proceeds of the Series S Share offering will be $250 million. Proceeds from the issue will be used to acquire subscription receipts of Great-West Lifeco Inc. (Lifeco) exchangeable into common shares of Lifeco as part of the $1.25 billion offering of subscription receipts announced by Lifeco earlier in connection with its proposed acquisition of Irish Life Group Limited and to supplement Power Financial's financial resources.  Full Article

Great-West Lifeco profit rises on Irish unit

TORONTO, May 8 - Great-West Lifeco, Canada's second-largest life insurer, said on Thursday its first-quarter profit rose 13.5 percent, helped by the acquisition of Irish Life last year, but squeezed by the company's U.S. Putnam Investments unit.

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