Power Corp. of Canada

Power Corporation of Canada Preferred Stock 5.8% Perpetual is a type of preferred equity security issued by Power Corporation of Canada, a leading diversified international management and holding company. This preferred stock offers investors a fixed dividend payout, with a rate of 5.8% annually, providing a predictable income stream. As a perpetual preferred stock, it does not have a maturity date, meaning it remains in effect indefinitely, unless called by the issuer. Power Corporation of Canada primarily operates in financial services, including insurance, asset management, and holdings across various sectors through its subsidiaries such as Great-West Lifeco and IGM Financial. The preferred stock provides investors with a higher claim on assets and earnings than common stocks but does not generally confer voting rights. Its role in the financial market is to raise capital for the company while offering institutional and retail investors a less volatile investment compared to common equity, making it suitable for those seeking consistent dividends over long periods without the short-term fluctuations of common stock. The issuance contributes to the company's capital structure by enhancing financial stability and broadening its investor base.