MONTREAL, Dec. 24, 2013 /CNW/ - The liquidators and trustees of the Estate of Paul G. Desmarais and the Desmarais Family Residuary Trust filed today a required notice of intention to distribute up to 15,461,750 Subordinate Voting Shares of Power Corporation of Canada and up to 87,318 common shares of Great-West Lifeco Inc. The share sales would be made for estate purposes. Any sales will be made within thirty days. If all of the share sales contemplated by the notice are completed, the liquidators and trustees of the Estate of Paul G. Desmarais and the Desmarais Family Residuary Trust will exercise, directly and through wholly-owned holding corporations, control or direction over 48,603,392 Participating Preferred Shares and 48,363,392 Subordinate Voting Shares in the aggregate, representing 99.5% and 11.8% respectively, of the outstanding shares of such classes and 59.4% of the votes attached to the outstanding voting shares of Power Corporation of Canada and over no shares of Great-West Lifeco Inc.
SOURCE: Sanpalo Investments
For further information:
Guy Fortin, Sanpalo Investments (514) 281-3371