TSX:POWInsurance
Preferred Share Offering Might Change The Case For Investing In Power Corporation of Canada (TSX:POW)
Power Corporation of Canada recently completed a fixed-income offering, raising CA$200 million through the issuance of 8,000,000 5.65% non-cumulative preferred shares, with proceeds to be used for general corporate purposes and the shares set to list on the Toronto Stock Exchange.
This fundraising follows the release of robust third-quarter earnings and a continued dividend affirmation, underscoring the company’s efforts to maintain financial flexibility and support growth initiatives.
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