power financial corp (PWF) Snapshot

Power Financial Corporation reported unaudited earnings results for the first quarter ended March 31, 2013. Operating earnings attributable to common shareholders, a non-IFRS financial measure, for the quarter ended March 31, 2013 were CAD 407 million or CAD 0.57 per share, compared with CAD 371 million or CAD 0.52 per share in the corresponding period in 2012, an increase of 9.5% on a per share basis. Other items, not included in operating earnings, for the first quarter of 2013 resulted in a net charge of CAD 13 million, compared with a contribution of CAD 83 million in the corresponding quarter of 2012. Net earnings attributable to common shareholders for the quarter ended March 31, 2013 were CAD 394 million or CAD 0.55 per share, compared with CAD 454 million or CAD 0.64 per share in the corresponding quarter of 2012. The Board of Directors of the company declared quarterly dividends on the corporation's preferred shares at a floating rate equal to one quarter of 70% of the average prime rate of two major Canadian chartered banks on Series A - PWF.PR. A and payable on August 15, 2013 to the shareholders with record date on July 25, 2013; 34.375 cents per Series D - PWF.PR.E share; 32.8125 cents per Series E - PWF.PR.F share; 36.875 cents per Series F - PWF.PR.G share; 35.9375 cents per Series H - PWF.PR.H share; 37.50 cents per Series I - PWF.PR.I share; 30.9375 cents per Series K - PWF.PR.K share; 31.875 cents per Series L - PWF.PR.L share; 37.50 cents per Series M - PWF.PR.M share; 36.25 cents per Series O - PWF.PR.O share; 27.50 cents per Series P - PWF.PR.P share; 34.375 cents per Series R - PWF.PR.R share; and 30 cents per Series S - PWF.PR.S share; payable on July 31, 2013 to the shareholders with record date on July 10, 2013. The Board of Directors also declared a quarterly dividend of 35 cents per share on the corporation's common shares payable on August 1, 2013 to shareholders of record on June 28, 2013.

Power Financial Corporation announced that at its annual meeting of shareholders held on May 14, 2013, the shareholders elected J. David A. Jackson as director.

Annual General Meeting