Power Financial Reminds Holders of Series 23 Preferred Shares of Initial Dividend

All figures are expressed in Canadian dollars.

MONTREAL, January 11, 2022 / CNW Telbec / – Power Financial Corporation (TSX: PWF.PF.A) reminds the holders of its 4.50% non-cumulative first preferred shares, series 23 in the capital of the Power Financial which were issued on October 15, 2021 of the upcoming initial dividend. As previously announced on November 10, 2021, the initial dividend will be paid on January 31, 2022 to registrants on January 10, 2022. It is confirmed that the amount payable is $ 0.33288 per share.

About Power Financial

Power Financial, a wholly owned subsidiary of Power Corporation of Canada, is an international management and holding company with interests in financial services and asset management activities in Canada, United States and Europe. She also holds significant stakes in a portfolio of global companies based in Europe. To find out more, visit www.PowerFinancial.com.

Readers are reminded that Power Financial relies on certain of the continuous disclosure documents filed by Power Corporation of Canada under an exemption from the requirements of Regulation 51-102 respecting continuous disclosure obligations (Regulation 51-102) in accordance with section 13.1 of Regulation 51-102 and as provided for in the decision of the Autorité des marchés financiers Financial and Securities Commission of Ontario, dated January 19, 2021, concerning Power Financial and Power Corporation of Canada, and that these continuous disclosure documents, including a press release announcing the third quarter 2021 financial results of Power Corporation of Canada, can be viewed in electronic format under Power Financial’s profile on SEDAR at www.sedar.com.

SOURCE Power Financial Corporation

For further information: Stéphane Lemay, Vice-president, general counsel and secretary, 514-286-7400

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