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Fairfax Announces Intention to Redeem Cumulative Preferred Shares, Series I & J
Globenewswire· 2025-11-28 22:02
Core Viewpoint - Fairfax Financial Holdings Limited announced its intention to redeem all outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series I and Cumulative Floating Rate Preferred Shares, Series J on December 31, 2025, for a total amount of C$300.0 million, plus accrued dividends [1]. Group 1: Redemption Details - The redemption will include 10,420,101 Series I Shares and 1,579,899 Series J Shares at a price of C$25.00 per share [1]. - The final quarterly dividend for Series I Shares will be C$0.207938, payable on December 31, 2025, while Series J Shares will receive a final dividend of C$0.34727 on December 30, 2025 [3]. Group 2: Process and Contact Information - Non-registered holders of Preferred Shares are advised to contact their broker for information regarding the redemption process [4]. - Fairfax's transfer agent for the Preferred Shares is Computershare Trust Company of Canada, and inquiries can be directed to them [4]. Group 3: Post-Redemption Impact - Following the redemption, Series I and Series J Shares will be delisted from the Toronto Stock Exchange [5].