Prospectus excerpt: The 4.85% Non-Cumulative First Preferred Shares, Series H (the ‘‘Series H 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 $1.2125 per share per annum. The initial dividend, if declared, will be payable September 30, 2005, and will be $0.16277 per share, based upon an anticipated closing date of August 12, 2005. Thereafter, dividends will be payable quarterly on the last day of March, June, September and December in each year at a rate of $0.30313 per share. Certain provisions relating to the Series H First Preferred Shares are summarized under ‘‘Details of the Offering’’.
On and after September 30, 2010, 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 H First Preferred Shares in whole or in part, at the Corporation’s option, at $26.00 per share if redeemed prior to September 30, 2011, $25.75 if redeemed on or after September 30, 2011 and prior to September 30, 2012, $25.50 if redeemed on or after September 30, 2012 and prior to September 30, 2013, $25.25 if redeemed on or after September 30, 2013 and prior to September 30, 2014 and $25.00 if redeemed on or after September 30, 2014, in each case together with all declared and unpaid dividends to but excluding the date of redemption. See ‘‘Details of the Offering’’.