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Fairfax Announces Intention to Redeem Cumulative Preferred Shares, Series I & J
TORONTO, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“ Fairfax...
About this update from Fairfax Financial Holdings Limited
[{"type":"text","content":"Fairfax Announces Intention to Redeem Cumulative Preferred Shares, Series I & J\n\n\n\n TORONTO, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“\n \n Fairfax\n \n ”) (TSX: FFH and FFH.U) today announced its intention to redeem (i) all of its 10,420,101 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series I (the “\n \n Series I Shares\n \n ”), and (ii) all of its 1,579,899 outstanding Cumulative Floating Rate Preferred Shares, Series J (the “\n \n Series J Shares\n \n ” and, together with the Series I Shares, the “\n \n Preferred Shares\n \n ”) on December 31, 2025 (the “\n \n Redemption Date\n \n ”) at a redemption price equal to C$25.00 per share, for an aggregate total amount of C$300.0 million, together with all accrued and unpaid dividends up to but excluding the Redemption Date (the “\n \n Redemption Price\n \n ”), less any tax required to be deducted and withheld by Fairfax.\n \n\n Formal notice has been delivered to the sole registered holder of the Preferred Shares in accordance with the terms of the Preferred Shares of the applicable series as set out in Fairfax’s articles.\n \n\n Separately from the Redemption Price, (i) the final quarterly dividend of C$0.207938 per Series I Share will be paid in the usual manner to holders of Series I Shares on December 31, 2025, and (ii) the final quarterly dividend of C$0.34727 per Series J Share will be paid in the usual manner to holders of Series J Shares on December 30, 2025, in each case to shareholders of record on December 15, 2025.\n \n\n Non-registered holders of Preferred Shares should contact their broker or other intermediary for information regarding the redemption process for the series of Preferred Shares in which they hold a beneficial interest. Fairfax’s transfer agent for the Preferred Shares is Computershare Trust Company of Canada (“\n \n Computershare\n \n ”). Questions regarding the redemption process may be directed to Computershare at 1-800-564-6253 or by email to [email protected].\n \n\n Following the redemption on December 31, 2025, the Series I Shares and the Series J Shares will be delisted from and no longer trade on the Toronto Stock Exchange (“\n \n TSX\n \n ”).\n \n\n Fair...