10:57 AM EDT, 09/03/2025 (MT Newswires) -- Great-West Lifeco ( GWLIF ) said Wednesday it has amended its normal course issuer bid to double the maximum number of shares it may repurchase to 40 million.

The Toronto Stock Exchange also approved an amendment allowing Great-West to buy back shares from Power Financial, enabling the unit to maintain its proportional interest in Great-West, the company said.

The NCIB (Normal Course Issuer Bid) amendments are expected to take effect around Sept. 5.

Power Financial is a subsidiary of Power Corp (POW.TO), the majority shareholder of Great-West.

Great-West shares were last up $0.41 at $54.75 on the Toronto Stock Exchange.

Price: 54.71, Change: +0.37, Percent Change: +0.68