Power Financial to redeem all 5.2% series C preferreds on Oct. 31

By Marisa Wong

Madison, Wis., Sept. 2 - Power Financial Corp. announced that it will redeem all 6 million of its outstanding 5.2% non-cumulative first preferred shares, series C, on Oct. 31.

The redemption price will be C$25.40 for each share plus an amount equal to all declared and unpaid dividends, net of any tax withheld by the company.

Power Financial is a Montreal-based management and holding company that has interests in companies active in the financial services sector in Canada, the United States and Europe.

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