Prospectus excerpt: The 5.20% Non-Cumulative First Preferred Shares, Series G (the ‘‘Series G First Preferred Shares’’) will be entitled to fixed non-cumulative preferential cash dividends, if, as and when declared by the Board of Directors, at a rate equal to $1.30 per share per annum. The initial dividend, if declared, will be payable December 31, 2004, and will be $0.38466 per share, based upon an anticipated issue date of September 14, 2004. Thereafter, dividends will be payable quarterly on the last day of March, June, September and December in each year at a rate of $0.325 per share. Certain provisions relating to the Series G First Preferred Shares are summarized under ‘‘Details of the Offering’’.
On and after December 31, 2009, Great-West Lifeco Inc. (‘‘Great-West Lifeco’’ or the ‘‘Corporation’’) may, on not less than 30 nor more than 60 days’ notice, redeem for cash the Series G First Preferred Shares in whole or in part, at the Corporation’s option, at $26.00 per share if redeemed prior to December 31, 2010, $25.75 if redeemed on or after December 31, 2010 and prior to December 31, 2011, $25.50 if redeemed on or after December 31, 2011 and prior to December 31, 2012, $25.25 if redeemed on or after December 31, 2012 and prior to December 31, 2013 and $25.00 if redeemed on or after December 31, 2013, in each case together with all declared and unpaid dividends to but excluding the date of redemption. See ‘‘Details of the Offering’’.