Prospectus excerpt: The 5.80% Non-Cumulative First Preferred Shares, Series C (the ‘‘Series C First Preferred Shares’’) will be entitled to fixed noncumulative preferential cash dividends, if, as and when declared by the Board of Directors, at a rate equal to $1.4500 per share per annum. The initial dividend, if declared, will be payable January 15, 2003 and will be $0.162877 per share, based upon an anticipated issue date of December 5, 2002. Thereafter, dividends will be payable quarterly at a rate of $0.362500 per share. Certain provisions relating to the Series C First Preferred Shares are summarized under ‘‘Details of the Offering’’.
On and after December 6, 2007, Power Corporation of Canada (‘‘Power Corporation’’ or the ‘‘Corporation’’) may, on not less than 30 nor more than 60 days’ notice, redeem for cash the Series C First Preferred Shares in whole or in part, at the Corporation’s option, at $26.00 per share if redeemed prior to December 6, 2008, $25.75 if redeemed on or after December 6, 2008 and prior to December 6, 2009, $25.50 if redeemed on or after December 6, 2009 and prior to December 6, 2010, $25.25 if redeemed on or after December 6, 2010 and prior to December 6, 2011 and $25.00 if redeemed on or after December 6, 2011, in each case together with all declared and unpaid dividends to the date of redemption. See ‘‘Details of the Offering’’.