Business: Power Corp of Canada 5.35% Non-Cumulative First Preferred Shares, Series B liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option, after 11/28/2007 but prior to 11/28/2008 at $26.00 Canadian dollars per share, at $25.75 Canadian dollars per share prior to 11/28/2009, at $25.50 Canadian dollars per share prior to 11/28/2010, at $25.25 Canadian dollars per share prior to 11/28/2011 and at $25.00 Canadian dollars on or after 11/28/2012 plus accrued and unpaid interest, and with no stated maturity. <p> Non-cumulative distributions of 5.35% per annum ($1.3375 Canadian dollars per annum or $0.334375 Canadian dollars per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> This security was not rated by Moody’s or S&P at the time of its IPOIn regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.