10:58 AM EST - Element Financial Corporation : announced today that it has raised additional gross proceeds of $3,160,000 from the issuance of 126,400 6.50% Cumulative 5-Year Rate Reset Preferred Shares, Series C at a price of $25.00 per Preferred Share as a result of the exercise by the underwriters of an over-allotment option granted in connection with the previously announced preferred share offering. Element Financial Corporation
shares T.EFN are trading down $0.36 at $15.10.
