E-L Financial Corp. Ltd.

E-L Financial Corporation Preferred 4.75% Perpetual is a type of preferred stock, which is a financial instrument often used by companies to raise capital. Preferred stocks like this one typically offer a fixed dividend, providing investors with regular income, and have a higher claim on assets than common stockholders in the event of a company's liquidation. The "4.75%" indicates the annual dividend yield based on the preferred stock's par value, making it an attractive option for income-focused investors. "Perpetual" suggests that the stock does not have a maturity date, meaning it can theoretically be held indefinitely, adding stability and income potential to an investor's portfolio. In financial markets, such securities are pivotal as they bridge the gap between equity and debt, taking advantage of equity market opportunities while providing the fixed-income style dividend payments associated with bonds.