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TORONTO, March 04, 2021 (GLOBE NEWSWIRE) E-L Financial Corporation Limited (TSX:ELF) (TSX:ELF.PR.F) (TSX:ELF.PR.G) (TSX:ELF.PR.H) (the “Company”) announced today that the Toronto Stock Exchange (the “Exchange”) has accepted a notice filed by the Company of its intention to proceed with the renewal of its Normal Course Issuer Bid (the “Bid”) to be transacted through the facilities of the Exchange or through alternative Canadian trading systems.
The notice provides that the Company may, during the 12-month period commencing March 9, 2021 and ending March 8, 2022, purchase up to 185,428 common shares in the capital of the Company (“Shares”) in total, being approximately 5% of the total number of 3,708,576 Shares outstanding as at March 2, 2021. The price which the Company will pay for any such Shares will be the prevailing market price at the time of acquisition. The actual number of Shares which may be purchased pursuant to the Bid will be determined
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TSX: WEF
VANCOUVER, BC, Feb. 18, 2021 /PRNewswire/ - Western Forest Products Inc. (TSX: WEF) ( Western or the Company ) reported adjusted EBITDA of $71.1 million in the fourth quarter of 2020. Western capitalized on strong North American lumber markets by growing Western Red Cedar ( WRC ) shipments, and by redirecting commodity production from weaker export markets into the speciality treated lumber segment.
Net income in the fourth quarter of 2020 was $34.4 million ($0.09 net income per diluted share), as compared to a net loss of $29.2 million ($0.09 net loss per diluted share) for the fourth quarter of 2019 and net income of $11.5 million ($0.03 net income per diluted share) in the third quarter of 2020.