On December 13, 2019, Power Corporation of Canada and Power Financial Corporation announced a reorganization, simplified corporate structure, and refocused strategy. IMPORTANT ACTION – Tax Instruction Letter and Tax Election Assistant, Tax Information for U.S. Shareholders - IRS Form 8937, News release announcing the completion of the reorganization and the determination of the final offer price for the pre-emptive right, News release announcing receipt of Power Financial shareholder approval of reorganization transaction, News release announcing the reorganization, Supplemental notice to holders of participating preferred shares of Power Corporation, Analyst call presentation - December 13, 2019. To value both companies, you first have to value Power Financial, as most of its value is what makes up Power Corp. On December 13, 2019, Power Corporation of Canada and Power Financial Corporation announced a reorganization, simplified corporate structure, and refocused strategy.
Power Corp has a market cap of $10.7 billion. Simply click the link below to grab your free copy and discover all 5 of these stocks now. The completion of the reorganization transaction was announced February 13, 2020. Both these companies are in the highly competitive financial industry, which has dampened any price appreciation in IGM’s stock, similar to Great-West. © 2020 The Motley Fool Canada, ULC. Power Corp’s 65.5% ownership stake in Power Financial is worth about $13.3 billion.
Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. On Dec. 13, 2019, Power Financial Corporation agreed to a merger with its parent company, Power Corporation of Canada. It has a 65.5% ownership stake. The dividend, however, is stable and yields a hefty 6%. It owns 27.5% of Pargesa though, which owns 50% of Groupe Bruxelles Lambert, currently valued at €13.7 billion.
Great-West paid a premium for Putnam back when it was acquired. All rights reserved. You can access it here: https://tax.ca/PowerCorp2020. Important: the deadline to provide the information required, originally set to be June 13, 2020, has been extended to October 31, 2020. Daniel Da Costa | May 28, 2019 | More on: POW PWF. Below, you will find important information about the reorganization. Just Released! Returns since inception, October 2013. click here. The Great-West life holdings in Power Financial’s portfolio, are equal to roughly $21 billion. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. All rights reserved. The completion of the reorganization transaction was announced February 13, 2020. Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Much of the other assets Power Financial owns are private. The main reason is because its acquisition of Putnam Investments has underperformed.
2 Smart Ways to Play a Stock Market Crash. Below, you will find important information about the reorganization. For greater certainty, the statutory deadlines for filing the tax elections with the taxation authorities are not affected by this extension. The Motley Fool Canada » Dividend Stocks » Power Corporation (TSX:POW) vs. Power Financial (TSX:PWF): Which Is the Better Buy? To find out more about these cookies, In total, Power Financial’s public assets make up about $28 billion.
Power Corp’s 65.5% ownership stake in Power Financial is worth about $13.3 billion.
The Tax Election Assistant is available to assist shareholders in providing the information required to make a tax election in order to benefit from the tax deferral. Fool contributor Daniel Da Costa has no position in any of the stocks mentioned.
Since Power Corp owns Power Financial, both are similar and own a handful of other public and private companies. Additionally, Power Financial was trading at a discount, so Power Corp’s discount is even larger. The deal should close in Q1 2020. The main reason to make an investment in Power Financial would be its dividend. In accordance with the pre-emptive right in favour of holders of Participating Preferred Shares included in the Power Corporation of Canada articles, holders of Participating Preferred Shares of record as at 5:00 p.m. (Montréal time) on December 27, 2019 may acquire, on a pro rata basis, such number of Participating Preferred Shares that is equal to 12.0% of the number of Subordinate Voting Shares proposed to be issued pursuant to the reorganization. Below, you will find important information about the reorganization. This is your chance to get in early on what could prove to be very special investment advice. Iain Butler and the Stock Advisor Canada team only publish their new “buy alerts” twice a month, and only to an exclusively small group.