Business
The Keg Royalties Income Fund announces Successful Closing of the Transaction with Fairfax
Not for distribution to U.S. News wire services or dissemination in the U.S. VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) and 1543965 B.C. Ltd. (the “Purchaser”), a subsidiary of Fairfax Financial Holdings Limited (collectively with its affiliates, “Fairfax”) are pleased to announce the successful closing of the previously announced plan of arrangement (the “Transaction”) pursuant to which the Purchaser acquired all of th
About this update from Fairfax Financial Holdings Limited
[{"type":"image","alt":"The Keg Royalties Income Fund","displaySize":"","headline":null,"caption":"The Keg Royalties Income Fund","className":"","disableSlideshowImg":false,"size":{"original":{"width":193,"height":81,"url":"https://media.zenfs.com/en/globenewswire.com/78084155b42ade71cc83c8d191b1c56a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SWrlSHb8qFUdOCbbr1du7A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTE1MTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/78084155b42ade71cc83c8d191b1c56a","width":193,"height":81}},"lazy":false},{"type":"text","content":"Not for distribution to U.S. News wire services or dissemination in the U.S.","length":76,"tagName":"p"},{"type":"text","content":"VANCOUVER, British Columbia, Aug. 13, 2025 (GLOBE NEWSWIRE) -- The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) and 1543965 B.C. Ltd. (the “Purchaser”), a subsidiary of Fairfax Financial Holdings Limited (collectively with its affiliates, “Fairfax”) are pleased to announce the successful closing of the previously announced plan of arrangement (the “Transaction”) pursuant to which the Purchaser acquired all of the issued and outstanding units of the Fund (the “Units”) not otherwise owned directly or indirectly by Fairfax.","length":534,"tagName":"p"},{"type":"text","content":"In connection with the completion of the Transaction, 1543966 B.C. Ltd. is now the sole trustee of the Fund (the “Trustee”) and the Units were delisted from the Toronto Stock Exchange (“TSX”) as of the close of trading on August 12, 2025.","length":238,"tagName":"p"},{"type":"text","content":"Former holders of Units who were registered unitholders of the Fund are reminded that, in order to receive the cash consideration of $18.60 per Unit formerly held and the Accrued Distribution (as defined in the arrangement agreement dated June 16, 2025 among the Fund, the Purchaser and Fairfax Financial Holdings Limited), they must sign and return the letter of transmittal with accompanying certificate(s) or direct registration statement(s) representing their formerly held Units, together with any other required documents, to Computershare Investor Services Inc., the depositary for the Transaction. Former holders of Units who held their Units through an intermediary such as a broker or investment dealer may not receive a letter of transmittal and should contact their intermediary for instructions...