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Desmarais selling at Power of Canada (T:POW)

Updated Tuesday Aug 29, 2023 02:28 AM EDT

Desmarais Family Residuary Trust, a 10% Holder, disposed of 779,300 Subordinate Voting Shares on an indirect ownership basis for registered holder Pansolo Holding Inc. at prices ranging from $36.013 to $36.028 between August 24th, 2023 and August 25th, 2023. This represents a $28,072,175 divestment of the company's shares and an account share holdings change of -1.6%.

Paul Jr. Desmarais, a Director and Subsidiary Executive, disposed of 779,300 Subordinate Voting Shares on a control or direction basis for registered holder Pansolo Holding Inc. at prices ranging from $36.013 to $36.028 between August 24th, 2023 and August 25th, 2023. This represents a $28,072,175 divestment of the company's shares and an account share holdings change of -5.2%.

Power of Canada is in the Life & Health Insurance Sub Industry Group under the Financials Sector.

Power Corporation of Canada is a Canada-based international management and holding company. The Company is focused on providing financial services in North America, Europe, and Asia. Its core holdings include insurance, retirement, wealth management and investment businesses, including a portfolio of alternative asset investment platforms. The Company's reportable segments include Lifeco, IGM Financial and GBL. Lifeco is a financial service holding company with interests in life insurance, health insurance, retirement and investment management services, asset management and reinsurance businesses primarily in Canada, the United States and Europe. IGM Financial is a wealth and asset management company supporting financial advisors and the clients they serve in Canada, and institutional investors through North America, Europe, and Asia. GBL is a Belgian holding company, which is focused on long-term and sustainable value creation.

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Go to Power Corporation of Canada (POW)'s company page

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