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(Kingston, ON – October 30, 2019) – 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 15, 2019

December 10, 2019

$17.4408

Non-Cumulative Rate Reset Preferred Shares, Series 1 

December 18, 2019

January 17, 2020

$0.359375

Non-Cumulative Rate Reset Preferred Shares, Series 3 

December 18, 2019

January 17, 2020

$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, Empire Life is a subsidiary of E-L Financial Corporation Limited. 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, 2019, Empire Life had total assets under management of $18.1 billion. Follow on Twitter @EmpireLife or visit www.empire.ca for more information.

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Contact: Laurie Swinton
Director, Corporate Communications
613 548-1890, ext. 3374 laurie.swinton@empire.ca
www.empire.ca