Power Financial Corporation Preferred Stock 1.998% Perpetual (PWF.PR.P)

Overview

Power Financial Corporation operates as an international management and holding company, with a wide-ranging portfolio of financial and asset management services across Canada and on a global scale. Renowned for its extensive suite of insurance products, investment management, and other financial services, the company stands as a pivotal entity in promoting financial prosperity and security for its clients. Initially known as 280 broadway Holding Corp., Power Financial Corporation was established in 1940. It is headquartered in Montreal, Canada, with an additional strategic presence in Toronto. Functioning under the auspices of Power Corporation of Canada, this subsidiary leverages its comprehensive offerings to cater to a diversified clientele, affirming its commitment to excellence and innovation in the financial sector.

Products and Services

• Insurance Products: Power Financial Corporation delivers an extensive range of insurance services, including life, disability, critical illness, accidental death, dismemberment, health, dental protection, and creditor insurance, ensuring comprehensive coverage for various client needs.
• Retirement and Investment Management: The company offers retirement planning and investment management services, facilitating secure and prosperous financial futures for its clients.
• Reinsurance: Specializing in the provision of reinsurance services, Power Financial Corporation supports other insurance companies by managing and sharing risk.
• Financial Planning and Advisory Services: It provides expert financial planning, investment advisory, and related financial services, tailored to help clients achieve their financial goals.
• Wealth and Annuity Products: A range of wealth savings, income, annuity, and specialty products are available, designed to meet diverse financial planning and growth objectives.
• Employer-Sponsored Plans: The company offers services related to employer-sponsored defined contribution plans, including enrollment support, communication materials, and investment options education.
• Inspection and Certification Solutions: Apart from financial services, the company engages in inspection, verification, testing, and certification, ensuring quality and compliance in various sectors.
• Manufacturing and Technology: Power Financial Corporation’s portfolio extends to producing cement, aggregates, concrete products, minerals, precious metals, and offering recycling and technology solutions.
• Consumer Goods and Services: It engages in the production and distribution of wines and spirits, personal hygiene products, sporting goods, bicycles, and salmon, catering to varying consumer preferences.
• Digital and Leisure Enterprises: The company’s reach includes developing and publishing mobile games, operating leisure parks, and offering digital investing platforms, tapping into the digital entertainment and investment domains.
• Professional Services: It also delivers advanced diagnostics, outpatient care, ophthalmology services, and project management solutions, among other specialized professional services.