Element Financial Declares Quarterly Preferred Share Dividends
12 Juin 2014 - 10:49PM
Marketwired
Element Financial Declares Quarterly Preferred Share Dividends
TORONTO, ONTARIO--(Marketwired - Jun 12, 2014) - 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 June 30, 2014 to shareholders of record on the close of business
on June 17, 2014. The dividend payment is for the quarterly period
up to but excluding June 30, 2014.
- A quarterly dividend of $0.51199 per outstanding Cumulative
5-Year Rate Reset Preferred Share, Series C (TSX:EFN.PR.C) payable
on June 30, 2014 to shareholders of record on the close of business
on June 17, 2014. The dividend payment is for the period from and
including the date of issue up to but excluding June 30, 2014.
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 in excess of $4.2 billion, Element Financial
Corporation is one of North America's leading equipment finance
companies. Element operates across North America in four verticals
of the equipment finance market - Commercial & Vendor Finance,
Aviation Finance, Railcar Finance and Fleet Management.
This release includes forward-looking statements regarding
Element and its business. Such statements are based on the current
expectations and views of future events of Element's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting Element, including risks regarding the
equipment finance industry, economic factors and many other factors
beyond the control of Element. No forward-looking statement can be
guaranteed. Forward-looking statements and information by their
nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statement
or information. Accordingly, readers should not place undue
reliance on any forward-looking statements or information. Except
as required by applicable securities laws, forward-looking
statements speak only as of the date on which they are made and
Element undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.
Element Financial CorporationJohn SadlerSenior Vice
President(416) 386-1067 ext. 2313jsadler@elementfinancial.caElement
Financial CorporationMichel BelandChief Financial Officer(416)
386-1067 ext. 2225mbeland@elementfinancial.ca
Element Fleet Management (TSX:EFN)
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