POWER CORP. $33.51 - Toronto symbol POW

POWER CORP. $33.51 (Toronto symbol POW; Shares outstanding: 413.5 million; Market cap: $15.5 billion; TSINetwork Rating: Above Average; Div. yield: 3.4%; www.powercorporation.com) holds its financial assets through 65.7%-owned Power Financial. These holdings include 58.7% of IGM Financial, a leading Canadian mutual fund provider. As of March 31, 2015, IGM had $148.4 billion worth of assets under management, up 8.1% from $137.3 billion a year earlier. IGM’s fee income rises and falls with the value of the mutual funds and other securities it manages, so its revenue and earnings gain when the price of these assets rises. Power Corp. is a buy.

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