TORONTO, ONTARIO--(Marketwire - Nov. 3, 2009) - The Board of Directors of E-L Financial Corporation Limited (TSX:ELF)(TSX:ELF.PR.F)(TSX:ELF.PR.G) today declared the following cash dividends:

Class                    Record Date       Payable Date  Amount of Dividend


First Preference
 Shares, Series 1    January 4, 2010   January 15, 2010           $ 0.33125


First Preference
 Shares, Series 2    January 4, 2010   January 15, 2010           $0.296875


Series A Preference
 Shares              January 4, 2010   January 15, 2010              $0.125


Common Shares        January 4, 2010   January 15, 2010              $0.125

E-L Financial Corporation Limited advises that the above referenced dividends are eligible dividends for the purposes of the Income Tax Act, Canada and any similar provincial tax legislation.

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