Power Financial Corporation issued six million Non-Cumulative First Preferred Shares by way of a prospectus supplement to its base shelf prospectus for gross proceeds of $150 million.
The transaction was completed on October 9, 2009. Power Financial was represented by in-house counsel Edward Johnson and Stéphane Lemay and by a team comprised of Ernest McNee, Eric Moncik and Freda Kwon (securities) and Jeffrey Trossman and Jeffrey Shafer (tax) of Blake, Cassels & Graydon LLP.
The underwriters, led by BMO Capital Markets, Scotia Capital and RBC Dominion Securities were advised by Ogilvy Renault LLP with a team comprised of Solomon Sananes and David Millette (corporate and securities) and Jules Charette (tax).
The transaction was completed on October 9, 2009. Power Financial was represented by in-house counsel Edward Johnson and Stéphane Lemay and by a team comprised of Ernest McNee, Eric Moncik and Freda Kwon (securities) and Jeffrey Trossman and Jeffrey Shafer (tax) of Blake, Cassels & Graydon LLP.
The underwriters, led by BMO Capital Markets, Scotia Capital and RBC Dominion Securities were advised by Ogilvy Renault LLP with a team comprised of Solomon Sananes and David Millette (corporate and securities) and Jules Charette (tax).
Lawyer(s)
Solomon Sananes
Jules Charette
Eric Moncik
Ernest McNee
Jeffrey Shafer
Jeffrey C. Trossman
David Millette