Empire Life announces dividends


KINGSTON, Ontario, May 03, 2018 (GLOBE NEWSWIRE) -- The Board of Directors of The Empire Life Insurance Company (Empire Life) (TSX:EML.PR.A) today declared the following cash dividends:

    
ClassRecord DatePayable DateAmount of
Dividend
    
Common SharesMay 17, 2018June 8, 2018$10.151501
    
Non-Cumulative Rate Reset Preferred Shares, Series 1June 18, 2018July 17, 2018$0.359375
    
Non-Cumulative Rate Reset Preferred Shares, Series 3June 18, 2018July 17, 2018$0.30625
    

Empire Life advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

About Empire Life

Established in 1923 and a subsidiary of E-L Financial Corporation Limited, Empire Life provides individual and group life and health insurance, investment and retirement products to Canadians. Our mission is to make it simple, fast and easy for Canadians to get the investment, insurance and group benefits coverage they need to build wealth, generate income, and achieve financial security. As of March 31, 2018 Empire Life had total assets under management of $17.3 billion. Follow Empire Life on Twitter @EmpireLife or visit www.empire.ca for more information.


Contact:Laurie Swinton
 Director, Communication Services
 613 548-1890, ext. 3374, laurie.swinton@empire.ca 
 www.empire.ca