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Great-West Lifeco Inc. Announces Purchase of Series L Preferred Shares
of The Great-West Life Assurance Company
Winnipeg, November 21, 2000 … Great-West Lifeco Inc. today announced that its wholly-owned subsidiary, 3812774 Canada Inc., has acquired 8,960,000 Series L, 5.20% Non-Cumulative Preferred Shares of The Great-West Life Assurance Company from 3396762 Canada Limited, a wholly-owned subsidiary of Trilon Financial Corporation, at a purchase price of $23.00 per share for an aggregate purchase price of $206,080,000.
Great-West Lifeco Inc. is a financial services holding company with interests in the life insurance, health insurance, retirement savings, specialty reinsurance and general insurance businesses, primarily in Canada and the United States. Its subsidiary, The Great-West Life Assurance Company, serves the financial security needs of more than 10 million people through its Canadian operations and London Insurance Group in Canada. Great-West Lifeco is a member of the Power Financial Corporation group of companies.
Media Contact:
Marlene Klassen
Director, Communication Services
(204) 946-7705
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