Canada Life Financial Offers $150M Perpetual Preferred Shares

On December 28, 2001, Canada Life Financial Corporation completed an offering of six million perpetual preferred shares valued at $150 million.

Canada Life was represented by in-house counsel Andrew Brands, assisted by David Tennant and Richard Shimoda (corporate/securities) and Jillian Welch (tax) of McCarthy Tétrault LLP.

The underwriters for the offering were BMO Nesbitt Burns Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Merrill Lynch Canada Inc., National Bank Financial and TD Securities Inc. Robert McDowell, Richard Steinburg and Stephen Kerr (corporate/securities) and Douglas Cannon (tax) of Fasken Martineau DuMoulin LLP acted for the underwriters.