RE:RE:RE:RE:ELF
Thor16 wrote: 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?
They have about ~ $140m at the holdco at the end of March. I think if the go forward it will probably be the same $100m size. It's probably a better plan strategically given they probably won't get a full fill as you posited. The dividend increase is still less than what Empire Life makes every quarter so I don't think it's relevant to the buybacks.