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TORONTO, ONTARIO--(Marketwired - Mar 2, 2016) - The Board of Directors of E-L Financial Corporation Limited (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G)(TSX:ELF.PR.H) today declared the following cash dividends:
|Class||Record Date||Payable Date||
|First Preference Shares, Series 1||April 1, 2016||April 15, 2016||$0.33125|
|First Preference Shares, Series 2||April 1, 2016||April 15, 2016||$0.296875|
|First Preference Shares, Series 3||April 1, 2016||April 15, 2016||$0.34375|
|Series A Preference Shares||April 1, 2016||April 15, 2016||$0.125|
|Common Shares||April 1, 2016||April 15, 2016||$1.25|
The Board has approved a change to the Company's dividend policy, increasing its quarterly dividend to $1.25 per Common Share. The Company's dividend policy is established by the Board of Directors at its discretion and is subject to change.
E-L Financial Corporation Limited advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.
E-L Financial Corporation Limited
Richard B. Carty
Vice-President, General Counsel and Corporate Secretary