E-L Financial Corp. Ltd.

E-L Financial Corporation Limited's 5.5% Perpetual Preferred Stock is a type of equity security offering a fixed dividend yield of 5.5% annually. As preferred stock, it represents ownership in the company, but with a higher claim on its assets and earnings compared to common stock. This particular security is designed to provide steady income to investors, a key feature of preferred stock, making it attractive for those seeking fixed income investments. Unlike common stock, these preferred shares typically do not carry voting rights, but they have priority in dividend distribution. The perpetual nature of the stock means it does not have a maturity date; however, it may be callable at the company's discretion. This preferred stock plays a significant role in E-L Financial Corporation's capital structure, appealing to investors looking for consistent dividend payouts and a measure of stability. As a financial entity, E-L Financial Corporation engages in various investment activities, and offering such preferred stock aids in managing its financial strategies and funding requirements in the market.