Great-West Lifeco completes C$200 million offering of Series Z preferred shares
On September 24, 2025, Great-West Lifeco Inc. ("Great-West Lifeco") completed its previously announced offering of 8,000,000 5.70% non-cumulative first preferred shares, Series Z for gross proceeds of C$200 million, which included the full exercise of the underwriters' option. The offering was completed through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank.
Net proceeds of the offering will be used for general corporate purposes.
Further information can be found on Canada Newswire’s website.
Great-West Lifeco is a financial services holding company focused on building stronger, more inclusive and financially secure futures. Great-West Lifeco operates in Canada, the United States and Europe under the brands Canada Life, Empower and Irish Life. As of June 30, 2025, Great-West Lifeco's total client assets were C$3 trillion.