Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it will issue C$850 million in aggregate principal amount of Senior Notes due 2031 (the “Offering”) in a public offering to a syndicate of underwriters led by Scotiabank, BMO Capital Markets, and RBC Capital Markets as joint bookrunners.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces fiscal year 2020 net earnings of $218.4 million ($6.29 net earnings per diluted share after payment of preferred share dividends) compared to fiscal year 2019 net earnings of $2,004.1 million ($69.79 net earnings per diluted share after payment of preferred share dividends).
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 12, 2021 to discuss its 2020 year-end results, which will be announced after the close of markets on Thursday, February 11, 2021 and will be available at that time on its website at www.fairfax.ca.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U), recognizing the continued global spread of COVID-19, with great regret has once again determined that its April 15 annual meeting will be held virtually, with no personal attendance by shareholders or by its directors and officers or the officers of its subsidiaries and Fairfax group companies, and with none of the related events which are a regular feature of its annual meeting.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that it has declared a dividend of US$10.00 per share on its outstanding multiple voting and subordinate voting shares, payable on January 28, 2021 to shareholders of record on January 21, 2021.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series I (the “Series I Shares”) (TSX: FFH.PR.I) for the five years commencing January 1, 2021 and ending December 31, 2025.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has entered into a binding agreement with CVC Capital Partners (“CVC”) to sell all of its interests in RiverStone Europe to CVC Strategic Opportunities Fund II. OMERS, the pension plan for Ontario’s municipal employees, has also agreed to sell all of its interests in RiverStone Europe as part of the transaction.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) and Allied World Assurance Company Holdings, Ltd (“Allied World”) announce that they have, through their subsidiaries, entered into an agreement with Cornell Capital and Hudson Structured Capital Management Ltd., doing its reinsurance business as HSCM Bermuda, to sell their majority interests in Vault Insurance.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $133.7 million ($4.44 net earnings per diluted share after payment of preferred share dividends) in the third quarter of 2020 compared to net earnings of $68.6 million ($2.04 net earnings per diluted share after payment of preferred share dividends) in the third quarter of 2019.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has extended its offer (the “Exchange Offer”) to exchange up to US$650,000,000 in aggregate principal amount of its 4.625% Senior Notes due 2030 (the “Old Notes”) for an equivalent amount of its 4.625% Senior Notes due 2030 registered under the United States Securities Act of 1933, as amended (the “Exchange Notes”).