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CA - Power Corporation of Canada to repurchase 30M subordinate voting shares
CA Inc.
Power Corporation of Canada ( OTCPK:PWCDF ) has received TSX approval to purchase for cancellation up to 30M subordinate voting shares under a normal course issuer bid.
That represents ~5.4% of the firm's public float of the subordinate voting shares as of February 22, 2023.
The program will be funded using the firm's existing cash resources. It will commence on March 1, 2023 and ending on the earlier of February 29, 2024.