TSX:GWOInsurance
Is Great-West Lifeco’s (TSX:GWO) New Preferred Share Issue Hinting At A Shift In Capital Priorities?
Great-West Lifeco Inc. recently announced a fixed-income offering of 6,000,000 Non-Cumulative First Preferred Shares, Series 24, priced at CA$25 each with a 5.7% fixed coupon, raising CA$150,000,000 for general corporate purposes.
The non-cumulative structure and fixed coupon of these preferred shares add a new layer to Great-West Lifeco’s capital mix, with implications for income-focused investors and the company’s funding flexibility.
We’ll now examine how this new non-cumulative preferred...

