Company Overview - The Keg Royalties Income Fund is a limited purpose, open-ended trust established under Ontario law, owning trademarks and intellectual property used by Keg Restaurants Ltd. [6] - Keg Restaurants Ltd. is the leading operator and franchisor of steakhouse restaurants in Canada, with a significant presence in select U.S. markets [7] - Keg Restaurants Ltd. was recognized as the number one restaurant company to work for in Canada in Forbes' "Canada's Best Employers 2025" survey [7] Transaction Details - The Supreme Court of British Columbia approved the acquisition of all issued and outstanding units of the Fund by 1543965 B.C. Ltd., a subsidiary of Fairfax Financial Holdings Limited [1] - The transaction will become effective at 12:05 a.m. (Pacific Time) on August 13, 2025, with all conditions satisfied except those that can only be met at closing [2] - The units of the Fund are expected to be delisted from the Toronto Stock Exchange following the transaction [2] Fairfax Financial Holdings Limited - Fairfax Financial Holdings Limited is a holding company primarily engaged in property and casualty insurance and reinsurance, along with associated investment management [8]

Core Viewpoint - The Keg Royalties Income Fund has received overwhelming approval from unitholders for the acquisition by Fairfax Financial Holdings Limited's subsidiary, 1543965 B.C. Ltd, at a price of $18.60 per unit, with additional cash distributions expected [1][2]. Group 1: Transaction Details - The acquisition price is set at $18.60 per unit, payable in cash, along with a prorated monthly distribution and a special cash distribution of $0.055 per unit for the 2025 fiscal year [1]. - The transaction was approved with 99.42% of votes in favor, and 98.79% when excluding votes from Fairfax and related parties [2]. - The transaction is structured as a statutory plan of arrangement under the Business Corporations Act (British Columbia) and is expected to close around August 13, 2025, pending court approval [4]. Group 2: Company Background - The Keg Royalties Income Fund is an open-ended trust that owns trademarks and intellectual property used by Keg Restaurants Ltd, a leading steakhouse operator in Canada [8]. - Keg Restaurants Ltd has been recognized as the number one restaurant company to work for in Canada according to Forbes' "Canada's Best Employers 2025" survey [8]. Group 3: Parent Company Overview - Fairfax Financial Holdings Limited is primarily engaged in property and casualty insurance and reinsurance, along with investment management through its subsidiaries [9].

(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from unaudited interim consolidated financial statements for the three and six months ended June 30, 2025 prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards") applicable to the preparation of interim financial statements, including International Accounting Standard 3 ...

(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are derived from unaudited interim consolidated financial statements for the three and six months ended June 30, 2025 prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS Accounting Standards") applicable to the preparation of interim financial statements, including International Accounting Standard 3 ...

Core Points - Fairfax Financial Holdings Limited emphasizes that neither the company nor its chairman Prem Watsa provides financial or investment advice through social media or messaging applications [1][2] - Prem Watsa does not have any online social media accounts, and any claims of such accounts are fraudulent [2] - The company advises individuals to seek information through official channels such as press releases and annual reports available on their website [3] Company Overview - Fairfax is a holding company primarily engaged in property and casualty insurance and reinsurance, along with associated investment management [3]

Group 1: Fairfax Financial Holdings Limited - Fairfax Financial Holdings Limited (FRFHF) is a property and casualty insurance and investment management services company with a Zacks Rank 1, and its current year earnings estimate has increased by 14.4% over the last 60 days [1] - The shares of Fairfax Financial gained 19.9% over the last three months, outperforming the S&P 500's advance of 18.6%, and the company has a Momentum Score of B [2] Group 2: Banco de Chile - Banco de Chile (BCH) is a banking and financial products and services company with a Zacks Rank 1, and its current year earnings estimate has increased by 3.7% over the last 60 days [2] - The shares of Banco de Chile gained 20.4% over the last six months, significantly outperforming the S&P 500's advance of 4.6%, and the company has a Momentum Score of A [3] Group 3: LY Corporation - LY Corporation (YAHOY) is an online advertising and e-commerce company with a Zacks Rank 1, and its current year earnings estimate has increased by 15.6% over the last 60 days [3] - The shares of LY Corporation gained 26.1% over the last six months, also outperforming the S&P 500's advance of 4.6%, and the company has a Momentum Score of A [3]

Group 1: Yara International ASA - Yara International ASA (YARIY) is a global provider of fertilizers and industrial solutions [1] - The company has a Zacks Rank of 1 and a Value Score of A [1] - The Zacks Consensus Estimate for its current year earnings has increased by 10.1% over the last 60 days [1] - Yara has a price-to-earnings ratio (P/E) of 10.26, significantly lower than the industry average of 17.60 [1] Group 2: COSCO SHIPPING Holdings Co., Ltd. - COSCO SHIPPING Holdings Co., Ltd. (CICOY) operates in container shipping and terminal operations [2] - The company holds a Zacks Rank of 1 and a Value Score of A [2] - The Zacks Consensus Estimate for its current year earnings has risen by 7.4% over the last 60 days [2] - COSCO SHIPPING has a P/E ratio of 6.75, compared to the industry average of 16.10 [2] Group 3: Fairfax Financial Holdings Limited - Fairfax Financial Holdings Limited (FRFHF) is involved in property and casualty insurance and investment management services [3] - The company carries a Zacks Rank of 1 and a Value Score of A [3] - The Zacks Consensus Estimate for its current year earnings has increased by 14.4% over the last 60 days [3] - Fairfax Financial has a P/E ratio of 8.84, lower than the industry average of 10.80 [3]

Core Points - The Keg Royalties Income Fund announced a transaction with Fairfax Financial Holdings Limited, which was previously disclosed on June 17, 2025 [1] - The Supreme Court of British Columbia granted an interim order for the transaction, allowing a special meeting of unitholders to be held [1] - The meeting is scheduled for August 1, 2025, where unitholders will vote on the Arrangement Resolution [2] - The Board of Trustees recommends unitholders vote in favor of the Arrangement Resolution [3] Company Information - The Keg Royalties Income Fund is an open-ended trust that owns trademarks and intellectual property used by Keg Restaurants Ltd., a leading steakhouse operator in Canada [9] - Keg Restaurants Ltd. has been recognized as the number one restaurant company to work for in Canada according to Forbes "Canada's Best Employers 2025" survey [9] - Fairfax Financial Holdings Limited is primarily engaged in property and casualty insurance and reinsurance, along with investment management [10]

Group 1 - Fairfax Financial Holdings Limited has appointed Mr. Amitabh Kant as a Senior Advisor, bringing over four decades of public service experience and expertise in economic development and innovation [1][2] - The company anticipates significant opportunities in India as it aims to transition from a $4 trillion economy to a $30+ trillion economy by 2047, particularly through the "Viksit Bharat" initiative [2][3] - Fairfax and its affiliate, Fairfax India, are already invested in critical sectors such as infrastructure, urbanization, financial services, logistics, and mobility, which are essential for India's economic transformation [2][3] Group 2 - Mr. Kant played a pivotal role during India's G20 presidency, focusing on digital public infrastructure, climate finance, and multilateral reform, and has a history of unifying stakeholders for development goals [3] - His leadership in initiatives like the Aspirational Districts Programme and reforms under the Make in India and Startup India campaigns significantly improved India's Ease of Doing Business rankings by 79 places [3] - The company values Mr. Kant's integrity and alignment with its core values, aiming to enhance long-term objectives and deliver lasting value for investors and stakeholders [4]

Core Viewpoint - The Keg Royalties Income Fund has entered into an arrangement agreement with Fairfax Financial Holdings for the acquisition of all outstanding units at a price of $18.60 per unit, providing unitholders with a substantial premium and immediate liquidity [1][2]. Transaction Details - The transaction is structured as a statutory plan of arrangement under the Business Corporations Act (British Columbia) [9]. - The purchase price represents a 30.8% premium to the closing price on May 2, 2025, and a 34.7% premium to the 20-day volume weighted average trading price as of that date [5]. - The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions including court approval and unitholder approval [10]. Benefits to Unitholders - Unitholders will continue to receive monthly cash distributions of $0.0946 per unit until the transaction is completed, along with a special cash distribution of $0.055 per unit for the 2025 fiscal year, prorated for the portion of the fiscal year completed as of the closing [5]. - The transaction provides certainty and immediate liquidity as the purchase price is 100% payable in cash with no financing condition [5]. Trustee Recommendations - The transaction is the result of extensive negotiations, and the trustees have received independent legal and financial advice [3][4]. - The trustees unanimously recommend that unitholders vote in favor of the transaction, determining it to be in the best interests of the fund [7]. Fairness Opinions - Fort Capital Partners provided a formal valuation indicating the fair market value of the units is between $16.50 and $19.50 per unit [4]. - Both Fort Capital and Capital West Partners provided fairness opinions stating that the consideration received by unitholders (excluding Fairfax) is fair from a financial perspective [6]. Support Agreements - Certain trustees and unitholders, including directors and officers of subsidiaries, have agreed to vote in favor of the transaction, representing approximately 14.7% of the issued and outstanding units [12]. Company Background - The Keg Royalties Income Fund is an open-ended trust that owns trademarks and intellectual property used by Keg Restaurants Ltd., a leading operator of steakhouse restaurants in Canada [18]. - Fairfax Financial Holdings is primarily engaged in property and casualty insurance and reinsurance, along with investment management [19].