Business
Great-West Lifeco announces redemption of Series F First Preferred Shares
Great-West Lifeco announces redemption of Series F First Preferred Shares Canad...
About this update from Great-west Lifeco Inc.
[{"type":"text","content":"\n \n \n \n Great-West Lifeco announces redemption of Series F First Preferred Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX:GWO\n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Nov. 3, 2021\n \n /CNW/ - Great-West Lifeco Inc. (Lifeco or the Corporation) today announced that it intends to redeem all of its outstanding 5.90% Non-Cumulative First Preferred Shares, Series F (the Series F Shares) on\n \n December 31, 2021\n \n . The redemption price will be\n \n $25.00\n \n for each Series F Share plus an amount equal to all declared and unpaid dividends, less any tax required to be deducted and withheld by the Corporation. The paid-up capital of the Series F Shares is\n \n $20.59\n \n per share.\n \n \n Lifeco will send a formal redemption notice and instructions to registered holders of the Series F Shares in accordance with the rights, privileges, restrictions and conditions attached to the shares.\n \n \n \n About Great-West Lifeco Inc.\n \n \n Great-West Lifeco Inc. is an international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management and reinsurance businesses. We operate in\n \n Canada\n \n ,\n \n the United States\n \n and\n \n Europe\n \n under the brands Canada Life, Empower Retirement, Putnam Investments, and\n \n Irish Life\n \n . At the end of 2020, our companies had approximately 24,500 employees, 205,000 advisor relationships, and thousands of distribution partners – all serving our more than 30 million customer relationships across these regions. Lifeco and its companies have approximately\n \n $2.2 trillion\n \n in consolidated assets under administration as of\n \n September 30, 2021\n \n and are members of the Power Corporation group of companies.\n \n \n Lifeco trades on the Toronto Stock Exchange under the ticker symbol GWO.\n \n \n \n Cautionary note regarding Forward-Looking Statements\n \n \n Certain statements in this news release constitute forward-looking statements. The...