Great-West Lifeco Inc. Preferred Stock 5.65% Perpetual

Great-West Lifeco Inc. Preferred Stock 5.65% Perpetual is a type of equity offering by Great-West Lifeco Inc., providing investors with a fixed dividend rate of 5.65% annually. These preferred shares are perpetual, meaning they have no maturity date, allowing investors to benefit from continuous dividends over an indefinite period, provided the company declares and pays dividends. Preferred stocks like this one sit higher in the capital structure than common equity, granting them precedence in dividend payments and potential claims on assets in the event of liquidation, thus offering a more stable income stream. Great-West Lifeco operates in the financial services industry, particularly focusing on life insurance, health insurance, retirement, and investment services. The issuance of preferred shares helps the company maintain optimal financing conditions, supporting its capital structure and financial health. By issuing this type of security, Great-West Lifeco can attract investors seeking stable income options and contribute to the company's ability to fund operations and growth initiatives. These shares are integral in diversifying the financial instruments offered by the company, enhancing its appeal across various investor profiles.