E-L Financial Corp Ltd T.ELF

Alternate Symbol(s): T.ELF.P.F | T.ELF.P.G | T.ELF.P.H | ELFIF

Financial Services Insurance - Diversified

E-L Financial Corporation Limited is a Canada-based investment and insurance holding company. The Company operates through two segments: E-L Corporate and Empire Life. E-L Corporate segment represents investments in stocks and fixed income securities held directly and indirectly through pooled funds, closed-end investment companies and other investment companies. The investment strategy is to accumulate shareholder value through long-term capital appreciation and dividend and interest income from its investments. Empire Life segment offers individual and group life and health insurance, investment and retirement products to Canadians. The segment provides a range of life insurance and wealth management products, employee benefit plans and financial services to meet the needs of individuals, professionals and businesses through a network of Independent Financial Advisors (IFA), Managing General Agents (MGA), National Account firms and Group Solutions brokers and representatives.

TSX:ELF - Post by User

E-L Financial Corp Ltd > ELF

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Comment by Thor16on May 20, 2021 11:18pm

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Post# 33246152

RE:RE:RE:ELF

If you look at recent debt issues with some of the related holdings you may notice the money is being sent up to the parent company (ELF) which would indicate (hopefully) a corporate action is on the way again sometime soon. Fingers crossed. They could probably do 200m this time around if they thought it would be fully subscribed.

Not sure why they increased the dividend though. Seems counter intuitive. Maybe a tax reason of some sort?

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