AUM increased by $3.9 billion in Canada during the quarter to $100.4 billion
Transaction will add approximately 90,000 medical members
Hikes quarterly dividend by 1.5¢
Equitable Life transfers $10.2 billion of assets to Canada Life
Putnam does not materially alter Great-West's profile
Power Financial Corp. subsidiary Great-West Lifeco Inc. today announced a $4.6 billion deal to acquire U.S.-based Putnam Investments Trust.Winnipeg-based Great-West Lifeco said it reached an agreement with Marsh & McLennan Companies to acquire the asset management business of Putnam Investments Trust, while Great-West Life Assurance Co. will acquire Putnam’s 25% interest in T.H. Lee Partners.Established […]
Canadian, U.S. and European units continue to produce strong product margins and earnings performance
Deal brings US$9 billion in plan assets
Strong profit from Canadian and European units
Company intends to buy 2.5% each of outstanding Series D and Series E Preferred Shares