Oct 14 (Reuters) - Element Financial Corp EFN.TO :
* Expects about 47 percent of its annual revenue in 2016 to be derived from
fee-based income
* Says initiated a process to harvest capital from its Canadian commercial &
vendor ("c&v") operations
* Says company is reaffirming its 2016 guidance for basic adjusted after-tax
operating income per share of $1.61
* Estimates about $0.10 per share reduction in operating earnings attributable
to discontinuation of Canadian c&v business in 2016
* Appointed barclays capital inc. to act as its advisor in the development of
strategic alternatives for its Canadian c&v business
* Says company expects to be actionable on recommendations in Q1 of 2016
* Says it is planning to invest US$70 million in its fleet technology solutions
and applications
* Says refocusing the capabilities of its aviation vertical on the execution of
aircraft fund structuring mandates
* Expects to exit 2016 with 75 percent of earning assets, 75 percent of revenue
and 75 ptc of operating income from fleet management business
* Signs 4 year agreement with Trinity industries under which co will buy up to
US$1 billion of leased railcars from trinity's inventory
* Source text for Eikon urn:newsml:reuters.com:*:nCCN8ThTjL
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