E-L Financial Corporation Limited Enters Into Automatic Share Purchase Plan

Core Viewpoint - E-L Financial Corporation Limited has announced a pre-defined automatic share purchase plan (ASPP) to facilitate the repurchase of its common shares as part of its normal course issuer bid (Bid) [1][2]. Group 1: Automatic Share Purchase Plan (ASPP) - The ASPP is designed to allow share repurchases during periods when the company would typically not be active in the market due to internal trading blackout periods or insider trading rules [2]. - Management will determine the timing of purchases based on market conditions, share price, and the best use of available cash [2]. - The ASPP will terminate upon the expiration of the Bid, when the maximum annual purchase limit is reached, or as per its terms [3]. Group 2: Share Repurchase Details - All shares purchased under the ASPP will count towards the total number of shares repurchased under the Bid, and any shares bought will be cancelled [4]. - The company has received approval to purchase up to 173,086 shares for cancellation during the 12-month period from March 12, 2025, to March 11, 2026, which has been adjusted due to a hundred-for-one share split approved on May 7, 2025 [5]. Group 3: Company Overview - E-L Financial Corporation Limited operates as an investment and insurance holding company, managing its operations through two segments: E-L Corporate and Empire Life [6]. - E-L Corporate focuses on investments in stocks and fixed income securities, aiming for long-term capital appreciation and income generation [7]. - Empire Life, a subsidiary, provides life and health insurance, investment, and retirement products to Canadians, emphasizing ease of access to financial products [8].