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(Kingston, ON – May 3, 2018) – The Board of Directors of The Empire Life Insurance Company (Empire Life) (TSX: EML.PR.A) today declared the following cash dividends:                                                                                                                                                                                                                                                                                                              

Class

Record Date

Payable Date

Amount of Dividend

Common Shares

May 17, 2018

June 8, 2018

$10.151501

Non-Cumulative Rate Reset Preferred Shares, Series 1 

June 18, 2018

July 17, 2018

$0.359375

Non-Cumulative Rate Reset Preferred Shares, Series 3 

June 18, 2018

July 17, 2018

$0.30625

Empire Life advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

 

About Empire Life

Established in 1923 and a subsidiary of E-L Financial Corporation Limited, Empire Life provides individual and group life and health insurance, investment and retirement products to Canadians. Our mission is to make it simple, fast and easy for Canadians to get the investment, insurance and group benefits coverage they need to build wealth, generate income, and achieve financial security. As of March 31, 2018 Empire Life had total assets under management of $17.3 billion. Follow Empire Life on Twitter @EmpireLife or visit www.empire.ca for more information.

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Contact: Laurie Swinton

Director, Communication Services

613 548-1890, ext. 3374 laurie.swinton@empire.ca

www.empire.ca