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SOURCE Desmarais family
MONTREAL, Jan. 7, 2014 /CNW Telbec/ - The liquidators and trustees of the Estate of Paul G. Desmarais and the Desmarais Family Residuary Trust today caused to be sold 15,461,750 Subordinate Voting Shares of Power Corporation of Canada and 87,318 common shares of Great-West Lifeco Inc. The share sales were made for estate planning purposes. The liquidators and trustees of the Estate of Paul G. Desmarais and the Desmarais Family Residuary Trust 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 of Power Corporation of Canada in the aggregate, representing 99.49% and 11.76% respectively, of the outstanding shares of such classes and 59.38% and 21.07%, respectively, of the votes and equity associated with the total outstanding shares of Power Corporation of Canada.
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