Great-West Lifeco completes offering of Preferred Shares


Not for distribution to U.S. news wire services or dissemination in the United States.

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


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