MONTRÉAL, Quebec — February 26, 2026 — Leads & Copy —
Power Corporation of Canada (TSX: POW) announced today that the Toronto Stock Exchange (TSX) has accepted the Corporation’s notice of intention to make a normal course issuer bid (NCIB).
Under the NCIB, Power Corporation can purchase for cancellation up to 20,000,000 subordinate voting shares, representing approximately 3.8% of the public float of the Subordinate Voting Shares as of February 16, 2026. The purchases can be made on the open market between March 1, 2026, and February 28, 2027, subject to the normal terms and limitations of such bids.
Daily purchases on the TSX under the NCIB will be limited to 510,604 Subordinate Voting Shares, except for block purchases. This limit is based on the average daily trading volume on the TSX for the six months ending January 31, 2026, which was 2,042,417 Subordinate Voting Shares. The management of Power Corporation will determine the actual number of Subordinate Voting Shares purchased and the timing of purchases, subject to applicable law and the rules of the TSX.
Purchases under the NCIB are expected to occur at prevailing market prices through the TSX and/or alternative Canadian trading systems, or other means permitted by the Autorité des marchés financiers or other Canadian Securities Administrators. The NCIB will be funded from Power Corporation’s cash resources, and any Subordinate Voting Shares repurchased will be cancelled.
As of February 16, 2026, Power Corporation had 579,249,434 issued and outstanding Subordinate Voting Shares and a public float of 529,515,374 Subordinate Voting Shares.
Power Corporation believes that the NCIB will provide the flexibility to manage the Corporation’s capital position and generate value for shareholders.
Under a previous NCIB that began on March 1, 2025, and expires on February 28, 2026, Power Corporation repurchased and cancelled 11,694,700 Subordinate Voting Shares on the open market at an average purchase price of $61.74 per share as of February 16, 2026.
Power Corporation has also agreed to an automatic share purchase plan (ASPP) with a broker to allow for the purchase of Subordinate Voting Shares under the NCIB during regulatory restrictions or self-imposed blackout periods. The TSX has pre-cleared the ASPP, which will commence with the NCIB.
Power Corporation is an international management and holding company that focuses on financial services in North America, Europe, and Asia. Its core holdings are in insurance, retirement, wealth management, and investment businesses, including alternative asset investment platforms.
Source: Power Corporation of Canada
