Great-West Lifeco Inc 5.20% Non-Cumulative First Preferred Shares, Series G (GWLPF)
OTOTC · Preferred · CUSIP 39138C882
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Security Details

Coupon Rate
5.30%
Liquidation Preference
$25.00
Call Price
$25.00
Call / Redemption Date
12/31/2014
Maturity Date
None
Distribution Period
Q
Rate Type
Fixed
Annual Distribution
1.325
Distribution Dates
3/31, 6/30, 9/30 & 12/31
Credit Ratings
Moody's NR · S&P A- (11/30/2025)
Tax-Advantaged Dividends
No

Security Profile

Security Type
Traditional Preferred Stock »
CUSIP
39138C882
Business: Great-West Lifeco Inc. 5.20% Non-Cumulative First Preferred Shares, Series G, liquidation preference $25 Canadian dollars per share, redeemable at the issuer's option, after 12/31/2009 but prior to 12/31/2010 at $26.00 Canadian dollars per share, at $25.75 Canadian dollars per share prior to 12/31/2011, at $25.50 Canadian dollars per share prior to 12/31/2012, at $25.25 Canadian dollars per share prior to 12/31/2013 and at $25.00 Canadian dollars on or after 12/31/2014, share plus declared and unpaid dividends, and with no stated maturity. <p> Non-cumulative distributions of 5.20% per annum ($1.30 Candian dollars per annum or $0.325 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the record date fixed by the board, not more than (__) days or less than (__) days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. <p> In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: All pricing is in Canadian dollars.

Company Contact

CEO
Paul A. Mahon
CFO
Garry MacNicholas
Headquarters
100 Osborne Street North, Winnipeg, Manitoba, R3C 1V3
Phone
204-946-1190
Investor Relations
Deirdre Neary · 647-328-2134 · deirdre.neary@canadalife.com
SEC EDGAR Filings
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SEDAR+ Filings
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