Increased Public Float and Liquidity – PFC Minority Shareholders and holders of PCC Subordinate Voting Shares will benefit from a significantly increased public float following the Reorganization. PCC will continue to prioritize the development of these investment platforms. To find out more about these cookies, As required under MI 61-101, RBC prepared the PFC Valuation on an en bloc basis, without including a downward adjustment to reflect the liquidity of the PFC Common Shares, the effect of the Reorganization on the PFC Common Shares, or the fact that the PFC Common Shares held do not form part of a controlling interest. © Power Corporation of Canada 2020. PCC and PFC expect the Reorganization to be completed in February 2020, subject to receipt of all required approvals. Power Financial Corporation is a member of the Power Corporation Group of Companies. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. The reader is cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking statements. A notice of offer (the "Offer") detailing, among other things, the terms and conditions of the Offer and how holders of Participating Preferred Shares may elect to exercise their Pre-Emptive Right is expected to be mailed to such holders and filed with applicable Canadian securities regulatory authorities and made available on PCC's SEDAR profile at www.sedar.com, and posted on PCC's website at www.PowerCorporation.com in mid-January 2020. Forward-looking statements are provided to present information about management's current expectations and plans relating to the future and the reader is cautioned that such statements may not be appropriate for other purposes. This non-IFRS financial measure does not have a standard meaning and may not be comparable to similar measures used by other entities. Highlights of PFC Moratorium Policy. 2 0 obj Access to the live audio webcast can be accessed on the Investors sections of PCC's website at https://www.powercorporation.com/en/investors/reorganization-announcement/ and PFC's website at https://www.powerfinancial.com/en/investors/reorganization-announcement/. endobj As a result of such securities remaining outstanding, PFC currently anticipates that it will remain a reporting issuer in each of the provinces and territories of Canada. Capital Power announces date for release of its second quarter 2020 financial results and analyst conference call. Pansolo Holding Inc. has entered into a voting and support agreement pursuant to which, among other things, Pansolo Holding Inc. has agreed to deliver its written consent to the issuance of PCC Subordinate Voting Shares pursuant to the Reorganization to the Toronto Stock Exchange (the "TSX") to satisfy shareholder approval for the issuance of the PCC Subordinate Voting Shares to the PFC Minority Shareholders. They were appointed to their roles in 1996 and have overseen a period of dramatic growth and value creation for PCC, PFC and the companies in the group. Other than as specifically required by applicable Canadian law, PCC and PFC undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results, or otherwise. RBC concluded that, as of December 12, 2019, and subject to the assumptions, limitations, and qualifications included in the PFC Valuation and PCC Valuation, respectively, that the value of the PFC Common Shares on an en bloc basis was in the range of $46.50 to $55.00 per share and the value of the PCC Subordinate Voting Shares, pro forma the completion of the Reorganization, on an expected market trading value basis, was in the range of $32.75 to $33.75 per share. We use cookies on this site to enhance your user experience and to remember your preferences. Power Corporation of Canada is a diversified international management and holding company with interests in companies in the financial services, asset management, sustainable and renewable energy, and other business sectors in North America, Europe and Asia.

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