The Board of Directors of Element Fleet Management Corp. has authorized and declared a quarterly dividend of $0.075 per outstanding common share of Element for the first quarter of 2017. The dividend will be paid on April 13, 2017 to shareholders of record at the close of business on March 31, 2017.

The company's board of directors also 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 payable on March 31, 2017 to shareholders of record on the close of business on March 20, 2017. The dividend payment is for the quarterly period up to but excluding March 31, 2017. A quarterly dividend of $0.40625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series payable on March 31, 2017 to shareholders of record on the close of business on March 20, 2017. The dividend payment is for the quarterly period up to but excluding March 31, 2017. A quarterly dividend of $0.40000 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series payable on March 31, 2017 to shareholders of record on the close of business on March 2 2017. The dividend payment is for the quarterly period up to but excluding March 31, 2017. A quarterly dividend of $0.40625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series payable on March 31, 2017 to shareholders of record on the close of business on March 20, 2017. The dividend payment is for the quarterly period up to but excluding March 31, 2017.