Great-West Lifeco Inc. announced the closing of its public offering of 8,000,000 4.50 percent Non-Cumulative First Preferred Shares, Series Y. The shares were priced at $25.00 each, generating gross proceeds of $200 million.

The offering was conducted through a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets, Scotiabank, CIBC Capital Markets, and TD Securities.

Legal counsel for Great-West Lifeco was provided by Blake, Cassels & Graydon LLP, while Torys LLP acted as counsel to the underwriters.