Element Financial 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 payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
• A quarterly dividend of $0.40625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
• A quarterly dividend of $0.40 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series E payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.
• A quarterly dividend of $0.552 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series G payable on September 30, 2015 to shareholders of record on the close of business on September 17, 2015. The dividend payment is for the quarterly period up to but excluding September 30, 2015.

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