{
  "id": 9566591,
  "title": "Power Corp at CIBC Eastern Institutional Investor Conference: active ownership push",
  "url": "https://urgent.news/2026/09/24/power-corp-at-cibc-eastern-institutional-investor-conference-active",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T14:23:45.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/power-corp-at-cibc-eastern-institutional-investor-conference-active-ownership-push-93CH-4915688"
  },
  "original_language": "en",
  "account": "On September 24, 2026, Power Corp (POW) participated in the CIBC Eastern Institutional Investor Conference to discuss its future after executing its simplification strategy. The company described itself as a specialized international financial services holding firm, while acknowledging a 20.1% discount to net asset value that it attributed to inadequate communication, not performance. CFO Jake Goldberg stressed the importance of understanding Power Corp's \"active ownership\" model, which extends beyond capital to include strategy, governance, and collaboration.\n\nThe firm has concluded its simplification plan and shifted focus to areas such as financial services, insurance, asset management, wealth management, and alternative investments. Despite this 20.1% discount, the stock has yielded a 29.92% total return over the past year and is up 33.59% year-to-date, currently priced at $25.97. Power Corp has consistently paid dividends for 54 consecutive years, demonstrating stable cash generation.\n\nNotable businesses highlighted included Great-West Life and IGM Financial, which constitute most of the net asset value, alongside investments in Wealthsimple, Sagard, and Power Sustainable. The company remains active in share buybacks, having repurchased about $4 billion over five years, with more expected through 2026. New growth initiatives include a $150 million AI fund and a $10 billion mobilization plan through Power Sustainable.\n\nGoldberg emphasized the company's strong financial health, with available cash ranging from $1.7 to $1.8 billion and a low debt of $900 million, with the earliest maturity in 2033. The leverage ratio is minimal at just 2% on a deconsolidated basis. The net asset value mix is predominantly in publicly traded securities, with a small portion in cash. Great-West Life remains the largest holding, and Power Corp has expressed satisfaction with its ownership position and various indications of strength, including quarterly earnings surpassing $1 billion for two to three straight quarters.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Definity Financial at CIBC Eastern Institutional Investor Conference: growth push",
        "url": "https://urgent.news/2026/09/24/definity-financial-at-cibc-eastern-institutional-investor-conference",
        "published": "2026-09-24T14:21:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}