On April 6, 2023, Power Financial Corporation announced that it has issued a management proxy circular, stating that it has received shareholder proposal from The Shareholder Association for Research & Education on behalf of the Mississaugas of the New Credit First Nation Community Trust, asking the Company to report to shareholders on the extent to which our company's policies, plans, and practices regarding Indigenous reconciliation compared to, or are certified by external Indigenous-led standards of practice. In addition, The Shareholder Association for Research & Education announced that it had discussions with the Company and agreed to withdraw its proposal.