Not for distribution to U.S. news wire services or dissemination in the
WINNIPEG, May 22, 2014 /CNW/ - Great-West Lifeco Inc. announced today
the completion of its offering of 8,000,000 5.25% Non-Cumulative First
Preferred Shares, Series S through a syndicate of underwriters co-led
by BMO Capital Markets and Scotiabank for gross proceeds of $200
million. The Series S Shares will be listed for trading on the Toronto
Stock Exchange under the symbol "GWO.PR.S".
The Series S Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale of
the Series S Shares in any State in which such offer, solicitation or
sale would be unlawful.
Great-West Lifeco Inc. (TSX:GWO) is an international financial services
holding company with interests in life insurance, health insurance,
retirement and investment services, asset management and reinsurance
businesses. Great-West Lifeco has operations in Canada, the United
States, Europe and Asia through Great-West Life, London Life, Canada
Life, Irish Life, Great-West Financial and Putnam Investments.
Great-West Lifeco and its companies have over $806 billion* in
consolidated assets under administration, and are members of the Power
Financial Corporation group of companies.
*Assets as of March 31, 2014
SOURCE: Great-West Lifeco Inc.
For further information:
Marlene Klassen, APR
Assistant Vice-President, Communication Services