Power Corporation of Canada announced on November 17, 2025, a public offering of 8,000,000 5.65% Non-Cumulative First Preferred Shares, Series I, priced at $25.00 per share. The offering closed on November 20, 2025, generating gross proceeds of $200 million. The syndicate of underwriters was led by BMO Capital Markets, RBC Capital Markets, and Scotiabank, with participation from CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., Desjardins Securities Inc., and Casgrain & Company Limited.

The Series I shares are listed on the Toronto Stock Exchange under the symbol POW.PR.I. Holders are entitled to receive fixed, non-cumulative preferential cash dividends of $1.4125 per share annually, payable quarterly at $0.353125 per share on January 15, April 15, July 15, and October 15. The initial dividend, if declared by the Board of Directors, will be $0.565 per share, payable on April 15, 2026.

The Corporation retains the option to redeem the shares, in whole or in part, beginning January 15, 2031. Redemption prices start at $26.00 per share if redeemed before January 15, 2032, declining annually to $25.00 per share for redemptions on or after January 15, 2035. All redemptions include any declared and unpaid dividends. Net proceeds will be used for general corporate purposes.

Blake, Cassels & Graydon LLP acted as legal counsel to Power Corporation, while Norton Rose Fulbright Canada LLP advised the underwriters.