Element Financial : Declares Quarterly Preferred Share Dividends
September 08, 2015 at 07:01 am EDT
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TORONTO, ONTARIO--(Marketwired - Sep 8, 2015) - Element Financial Corporation (TSX:EFN) ("Element"), one of North America's leading equipment finance companies, announced today that its Board of Directors declared the following dividends on Element's preferred shares:
A quarterly dividend of $0.4125 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series A (TSX:EFN.PR.A) payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
A quarterly dividend of $0.40625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX:EFN.PR.C) payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
A quarterly dividend of $0.40 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series E (TSX:EFN.PR.E) payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
A quarterly dividend of $0.552 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series G (TSX:EFN.PR.G) payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).
About Element Financial Corporation
With total assets of approximately C$22 billion after giving effect to the recently closed acquisition of GE Capital's US-based fleet management operations and the expected closing of GE Capital's fleet management operations in Mexico, Australia and New Zealand, Element Financial Corporation is one of North America's leading fleet management and equipment finance companies. Element operates across North America in four verticals of the equipment finance market - Fleet Management, Rail Finance, Commercial & Vendor Finance, and Aviation Finance.
Element Fleet Management Corp. is a Canada-based global automotive fleet manager. The Company provides business-to-business services and financing to corporations, governments and not-for-profits. It operates in various countries, including the United States, Canada, Mexico, Australia and New Zealand. It provides services and financing for commercial vehicle and equipment fleets, reaching around 56 countries worldwide through the Element-Arval Global Alliance. The Company provides solutions to various industries, such as construction; energy, oil and gas; food and beverage; healthcare; services; transportation, and utilities. Its services include acquisition, electric vehicle, financing, title and registration, collision management, fleet partnerships solutions, fuel, safety, taxable benefits, fleet telematics connectivity solutions, remarketing, sale leaseback, tolls and violations, and strategic fleet consulting. The Company has around 1.5 million client vehicles under management.