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(Kingston, ON – October 31, 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

November 14, 2018

December 5, 2018

$10.151501

Non-Cumulative Rate Reset Preferred Shares, Series 1 

December 18, 2018

January 17, 2019

$0.359375

Non-Cumulative Rate Reset Preferred Shares, Series 3 

December 18, 2018

January 17, 2019

$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. The company’s 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 September 30, 2018 Empire Life had total assets under management of $17.2 billion. Follow Empire Life on Twitter @EmpireLife or visit www.empire.ca for more information.

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Contact: Julie Tompkins
                Vice-President, Corporate Services & Chief Communications Officer
                613 548-1890, ext. 3301      julie.tompkins@empire.ca
                www.empire.ca