Fairfax Financial Holdings Limited announces that a jury verdict in its lawsuit filed in 2006 seeking damages for alleged stock market manipulation involving Fairfax shares has awarded Fairfax and its Crum & Forster subsidiary damages of US$10.9 million against Exis Capital Management and related Exis companies, Adam Sender and Andrew Heller, including punitive damages of US$3.0 million against Exis, US$2.25 million against Mr. Sender and US$0.25 million against Mr. Heller.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH)(TSX: FFH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax of its intention to commence a Normal Course Issuer Bid (“NCIB”) through the facilities of the TSX (or other alternative Canadian trading systems) for its Subordinate Voting Shares and the following series of its Preferred Shares:
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH and FFH.U) announces that it has agreed, in exchange for the receipt of a payment of US$20 million, to resolve its claims against Morgan Keegan & Company, Incorporated made in its lawsuit filed in 2006 seeking damages for alleged stock market manipulation involving Fairfax shares.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has declared the following quarterly dividends per share on its preferred shares:
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH and FFH.U), recognizing the shattering scope of the recent floods in Kerala, India, is donating US$1 million towards relief and recovery from those floods, working primarily through the Red Cross.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $63.1 million ($1.82 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2018 compared to net earnings of $311.6 million ($12.67 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2017, reflecting net losses rather than net gains on investments.
Fairfax Financial Holdings Limited (TSX:FFH) (TSX:FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, August 3, 2018 to discuss its 2018 second quarter results which will be announced after the close of markets on Thursday, August 2 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited has acquired, through certain of its subsidiaries, 4,100,000 subordinate voting shares of Fairfax Africa Holdings Corporation through Fairfax Africa’s previously-announced bought deal public offering, representing approximately 12.5% of the issued and outstanding Subordinate Voting Shares of Fairfax Africa.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH) (TSX:FFH.U) announces that it has declared the following quarterly dividends per share on its preferred shares:
Fairfax Financial Holdings Limited has completed its previously announced offering of an additional €150 million of its 2.75% Senior Notes due 2028. Together with the previously issued €600 million aggregate principal amount of notes of this series, there is €750 million aggregate principal amount of notes of this series outstanding.