Power Financial Corporation announces increase to previously announced issue of Preferred Shares to $300 million

Power Financial Corporation announces increase to previously announced issue 
of Preferred Shares to $300 million 
Readers are referred to the section entitled "Forward-Looking Statements" at 
the end of this release. 
MONTRÉAL, Feb. 19, 2013 /CNW Telbec/ - Power Financial Corporation (TSX: PWF) 
announced today that, due to strong demand, the Corporation has increased the 
size of its previously announced bought deal public offering to 12,000,000 
Non-Cumulative First Preferred Shares, Series S (the "Series S Shares"), for 
gross proceeds of $300 million. The Series S Shares will be priced at $25.00 
per share and will carry an annual dividend yield of 4.80%. Closing is 
expected to occur on or about February 28, 2013. The issue will be 
underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC 
Capital Markets and Scotiabank. 
Proceeds from the issue will be used to acquire subscription receipts of 
Great-West Lifeco Inc. ("Lifeco") exchangeable into common shares of Lifeco as 
part of the $1.25 billion offering of subscription receipts announced by 
Lifeco earlier today in connection with its proposed acquisition of Irish Life 
Group Limited and to supplement Power Financial's financial resources. 
The securities offered have not been and will not be registered under the U.S. 
Securities Act of 1933, as amended, and may not be offered or sold in the 
United States absent registration or an applicable exemption from the 
registration requirements. This press release shall not constitute an offer to 
sell or the solicitation of an offer to buy nor shall there be any sale of the 
securities in any State in which such offer, solicitation or sale would be 
Power Financial Corporation is a diversified management and holding company 
that has interests, directly or indirectly, in companies in the financial 
services sector in Canada, the United States and Europe. It also has 
substantial holdings in a diversified industrial group based in Europe. Power 
Financial Corporation is a member of the Power Corporation group of companies. 
Not for distribution to U.S. news wire services or dissemination in the United 
Forward-Looking Statements 
Certain statements in this News Release, other than statements of historical 
fact, are forward-looking statements based on certain assumptions and reflect 
the Corporation's current expectations, or with respect to disclosure 
regarding the Corporation's public subsidiaries, reflect such subsidiaries' 
disclosed current expectations. Forward-looking statements are provided for 
the purposes of assisting the reader in understanding the Corporation's 
financial performance, financial position and cash flows as at and for the 
periods ended on certain dates and to present information about management's 
current expectations and plans relating to the future and the reader is 
cautioned that such statements may not be appropriate for other purposes. 
These statements may include, without limitation, statements regarding the 
operations, business, financial condition, expected financial results, 
performance, prospects, opportunities, priorities, targets, goals, ongoing 
objectives, strategies and outlook of the Corporation and its subsidiaries, as 
well as the outlook for North American and international economies for the 
current fiscal year and subsequent periods. Forward-looking statements include 
statements that are predictive in nature, depend upon or refer to future 
events or conditions, or include words such as "expects", "anticipates", 
"plans", "believes", "estimates", "seeks", "intends", "targets", "projects", 
"forecasts" or negative versions thereof and other similar expressions, or 
future or conditional verbs such as "may", "will", "should", "would" and 
By its nature, this information is subject to inherent risks and uncertainties 
that may be general or specific and which give rise to the possibility that 
expectations, forecasts, predictions, projections or conclusions will not 
prove to be accurate, that assumptions may not be correct and that objectives, 
strategic goals and priorities will not be achieved. A variety of factors, 
many of which are beyond the Corporation's and its subsidiaries' control, 
affect the operations, performance and results of the Corporation and its 
subsidiaries and their businesses, and could cause actual results to differ 
materially from current expectations of estimated or anticipated events or 
results. These factors include, but are not limited to: the impact or 
unanticipated impact of general economic, political and market factors in 
North America and internationally, interest and foreign exchange rates, global 
equity and capital markets, management of market liquidity and funding risks, 
changes in accounting policies and methods used to report financial condition 
(including uncertainties associated with critical accounting assumptions and 
estimates), the effect of applying future accounting changes, business 
competition, operational and reputational risks, technological change, changes 
in government regulation and legislation, changes in tax laws, unexpected 
judicial or regulatory proceedings, catastrophic events, the Corporation's and 
its subsidiaries' ability to complete strategic transactions, integrate 
acquisitions and implement other growth strategies, and the Corporation's and 
its subsidiaries' success in anticipating and managing the foregoing factors. 
The reader is cautioned to consider these and other factors, uncertainties and 
potential events carefully and not to put undue reliance on forward-looking 
statements. Information contained in forward-looking statements is based upon 
certain material assumptions that were applied in drawing a conclusion or 
making a forecast or projection, including management's perceptions of 
historical trends, current conditions and expected future developments, as 
well as other considerations that are believed to be appropriate in the 
circumstances, including that the list of factors in the prior paragraph, 
collectively, are not expected to have a material impact on the Corporation 
and its subsidiaries. While the Corporation considers these assumptions to be 
reasonable based on information currently available to management, they may 
prove to be incorrect. 
Other than as specifically required by applicable Canadian law, the 
Corporation undertakes no obligation to update any forward-looking statement 
to reflect events or circumstances after the date on which such statement is 
made, or to reflect the occurrence of unanticipated events, whether as a 
result of new information, future events or results, or otherwise. 
Additional information about the risks and uncertainties of the Corporation's 
business and material factors or assumptions on which information contained in 
forward-looking statements is based is provided in its disclosure materials, 
including its most recent Management's Discussion and Analysis and Annual 
Information Form, filed with the securities regulatory authorities in Canada 
and available at www.sedar.com.  
Mr. Stéphane Lemay Vice-President, General Counsel and Secretary 514-286-7400 
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-0- Feb/19/2013 20:33 GMT
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