Great-West Lifeco amends Normal Course Issuer Bid to increase annual limit and reflect Power Corporation of Canada participation

TSX: GWO

WINNIPEG, MB, Sept. 3, 2025 /CNW/ - Great-West Lifeco Inc. (Lifeco) (TSX:GWO.TO) today announced that it has amended its current normal course issuer bid (NCIB) to increase the maximum number of common shares (Shares) that may be repurchased from 20,000,000 Shares to 40,000,000 Shares. Additionally, the Toronto Stock Exchange (TSX) has approved an amendment that will permit Lifeco to purchase its Shares from Power Financial Corporation and its wholly-owned subsidiaries (collectively, PFC) in connection with the NCIB, in order for PFC to maintain its proportionate interest in Lifeco. PFC is a wholly-owned subsidiary of Power Corporation of Canada and is the majority shareholder of Lifeco and holds approximately 68.715% of the issued and outstanding Shares (which does not include the approximately 2.394% of Shares held by IGM Financial Inc.). The NCIB amendments are expected to become effective on or around September 5, 2025.