Great-West Life Announces New Dividend Rate and Term for Series G Preferred Shares.WINNIPEG, MANITOBA--(BUSINESS WIRE)--Jan. 3, 1997-- Great-West Life Assu (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. GWLA GWLA Greater Western Library Alliance GWLA Great-West Life & Annuity Insurance Company GWLA Genome-Wide Location Analysis GWLA Geophysical Well Log Analysis GWLA Ground Water Limited Area GWLA Global Warming and the Language Arts ., TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME, WINNIPEG STOCK EXCHANGE GWL.PR.A.) The Great-West Life Assurance The Great-West Life Insurance Company (known more commonly Great-West Life) is a life and health insurance company. Its headquarters is located in Winnipeg, Manitoba, Canada and its CEO is Raymond L. McFeetors. Company announced that all holders of the Company's Cumulative Redeemable Auction Perpetual Preferred Shares, Series G have agreed on a new dividend rate and term for the Series G preferred shares in accordance with the Negotiated Rate Procedures of the Series G preferred share conditions. A dividend rate of 4.83 percent will apply for the period December 31, 1996 through December 30, 1999. One million Series G preferred shares were issued on August 1, 1991 for a total of $25 million. Great-West Life redeemed five hundred thousand of the Series G Preferred Shares on December 31, 1996. Great-West Life is a member of the Power Financial Corporation group of companies. CONTACT: Great-West Life Assurance Company Marlene Klassen, 204/946-7705 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion