Element Financial Declares Quarterly Preferred Share Dividends

TORONTO, ONTARIO--(Marketwired - March 9, 2015) - Element Financial Corporation (TSX:EFN) ("Element"), one of North America's leading equipment finance companies, announced today that its Board of Directors declared the following dividends on Element's preferred shares:

• A quarterly dividend of $0.4125 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series A (TSX:EFN.PR.A) payable on March 31, 2015 to shareholders of record on the close of business on March 17, 2015. The dividend payment is for the quarterly period up to but excluding March 31, 2015.

• A quarterly dividend of $0.40625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX:EFN.PR.C) payable on March 31, 2015 to shareholders of record on the close of business on March 17, 2015. The dividend payment is for the quarterly period up to but excluding March 31, 2015.

• A quarterly dividend of $0.40 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series E (TSX:EFN.PR.E) payable on March 31, 2015 to shareholders of record on the close of business on March 17, 2015. The dividend payment is for the quarterly period up to but excluding March 31, 2015.

These dividends are designated to be eligible dividends for purposes of section 89(1) of the Income Tax Act (Canada).

About Element Financial Corporation

With total assets of more than $11 billion, Element Financial Corporation is one of North America's leading equipment and vehicle finance companies. Element operates across North America in four verticals of the equipment finance market - Commercial & Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management.