Power Financial Corporation has completed its offering of $150 million of the corporation’s first preferred shares. The 6,000,000 Non-Cumulative First Preferred Shares, Series F were priced at $25.00 and carry a 5.90% annual dividend.

The shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol “PWF.PR.G”. Proceeds from the issue will be used to supplement the corporation’s financial resources and for general corporate purposes.

The issue was bought by an underwriting group led by BMO Nesbitt Burns Inc. and including Scotia Capital Markets, CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and National Bank Financial Inc.