Great-West Lifeco closes CAD200 million Series 24 preferred share offering

Great-West Lifeco closed an offering of 8 million Series 24 preferred shares at CAD25 per share, raising CAD200 million in gross proceeds including the fully exercised underwriters' option. The shares carry a 5.70% annual dividend yield, payable quarterly when declared. Proceeds are for general corporate purposes, not a portfolio allocation.