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

Great-West Lifeco announces increase in Preferred Shares issue to $200 Million 
Not for distribution to U.S. news wire services or dissemination in the United 
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 
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 
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CO: Great-West Lifeco Inc.
ST: Manitoba
-0- May/13/2014 21:05 GMT
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