Great-West Lifeco closes $200-million offering

Executive Summary

• Great-West Lifeco Inc. has closed its previously announced offering of Series Z Preferred Shares, raising $200 million in gross proceeds.
• The offering consisted of 8 million non-cumulative first preferred shares with a 5.70% dividend rate, including the full exercise of the underwriters' over-allotment option.
• The shares are listed on the Toronto Stock Exchange under the symbol GWO.PR.Z.

Key Details

• Instrument: 8,000,000 non-cumulative first preferred shares, Series Z.
• Dividend Rate: 5.70%.
• Gross Proceeds: $200,000,000.
• Underwriters: Syndicate led by BMO Capital Markets, RBC Capital Markets, and Bank of Nova Scotia.
• Listing: Toronto Stock Exchange (Symbol: GWO.PR.Z).
• Status: Offering completed with full exercise of underwriters' option.