Great-West Lifeco completes offering of Preferred Shares
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
WINNIPEG, MB, Oct. 8, 2021 /CNW/ - Great-West Lifeco Inc. ("Lifeco") announced today the closing of its previously announced offering of 8,000,000 4.50% Non-Cumulative First Preferred Shares, Series Y (the "Series Y Preferred Shares") for gross proceeds of $200 million. The offering was completed through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, Scotiabank, CIBC Capital Markets and TD Securities. The Series Y Preferred Shares will be listed for trading on the Toronto Stock Exchange under the symbol "GWO.PR.Y".
The Series Y Preferred 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 Y Preferred Shares in any State in which such offer, solicitation or sale would be unlawful.
SOURCE Great-West Lifeco Inc.
Company Codes: Toronto:GWO, Toronto:GWO.PR.Y
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