Great-West Lifeco announces increase in Preferred Shares issue to $200 Million

 Great-West Lifeco announces increase in Preferred Shares issue to $200 Million  TSX:GWO  Not for distribution to U.S. news wire services or dissemination in the United  States.  WINNIPEG, May 13, 2014 /CNW/ - Great-West Lifeco Inc. announced today that due  to strong demand, the underwriters have exercised their option to purchase an  additional 2,000,000 Non-Cumulative First Preferred Shares, Series S (the  "Series S Shares"), which increases the size of the previously announced  bought deal public offering to 8,000,000 Series S Shares for gross proceeds of  $200 million. The Series S Shares will be priced at $25.00 per share and will  carry an annual dividend yield of 5.25%. Closing is expected to occur on or  about May 22, 2014. The issue will be underwritten by a syndicate of  underwriters co-led by BMO Capital Markets and Scotiabank.  The Series S 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  securities in any State in which such offer, solicitation or sale would be  unlawful.  Great-West Lifeco Inc. (TSX:GWO) is an international financial services  holding company with interests in life insurance, health insurance, retirement  and investment services, asset management and reinsurance businesses.  Great-West Lifeco has operations in Canada, the United States, Europe and Asia  through Great-West Life, London Life, Canada Life, Irish Life, Great-West  Financial and Putnam Investments. Great-West Lifeco and its companies have  $806 billion in consolidated assets under administration and are members of  the Power Financial Corporation group of companies.  *Assets as of March 31, 2014    SOURCE  Great-West Lifeco Inc.  Marlene Klassen, APR Assistant Vice-President, Communication Services  204-946-7705  To view this news release in HTML formatting, please use the following URL:  CO: Great-West Lifeco Inc. ST: Manitoba NI: INS  
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