Empire Life Announces Dividend

KINGSTON, ONTARIO -- (Marketwired) -- 03/10/16 -- The Empire Life Insurance Company ("Empire Life") (TSX: EML.PR.A) has declared the following cash dividends:

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Class                                                              Amount of
                                   Record Date     Payable Date     Dividend
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Non-Cumulative Rate Reset
 Preferred Shares, Series 1      April 1, 2016   April 17, 2016      $0.2402
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Empire Life advises that this dividend is an eligible dividend for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

About Empire Life

Empire Life is a subsidiary of E-L Financial Corporation Limited. Since 1923, Empire Life has provided competitive 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 build wealth, generate income and get the insurance and group benefits coverage they need. As of December 31, 2015 Empire Life had total assets under management of $14.5 billion. Follow Empire Life on Twitter @EmpireLife or visit www.empire.ca for more information.

Contacts:
Laurie Swinton
Director, Communication Services
613 548-1890, ext. 3374
[email protected]
www.empire.ca

Source: The Empire Life Insurance Company

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