Income from non-public investments continues to be positive

Canadian and U.S. morning comments

Written by Nitin Manohar
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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