Income from non-public investments continues to be positive

Canadian and U.S. morning comments

August 8, 2017

POW’s second quarter results came in better than Street and our expectations resulting from higher-than-anticipated contributions from Power Financial and income from corporate activities.

Stronger-than-expected income from corporate activities was driven by positive income from investments in hedge funds. The non-public holdings continue to generate positive income. We believe continued positive gains generated from these investments should garner more attention from investors.

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