Fairfax Financial Holdings Limited announces fiscal year 2023 net earnings of $4,381.8 million ($173.24 net earnings per diluted share after payment of preferred share dividends) compared to fiscal year 2022 net earnings of $3,374.2 million ($131.37 net earnings per diluted share after payment of preferred share dividends). Book value per basic share at December 31, 2023 was $939.65 compared to $762.28 at December 31, 2022 (an increase of 24.7% adjusted for the $10 per common share dividend paid in the first quarter of 2023).
Fairfax Financial Holdings Limited announces that, on March 15, 2024, it is redeeming all of its outstanding 4.95% senior notes due March 3, 2025 (the “Notes”) at a redemption price of 100% of the principal amount of the Notes, plus accrued and unpaid interest. There is C$348,564,000 principal amount of Notes currently outstanding.
The management team of Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) has now reviewed all the 72 pages of the Muddy Waters report and reviewed its allegations and insinuations. We categorically deny and refute all of them, without exception, as false and misleading.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 16, 2024 to discuss its 2023 year-end results, which will be announced after the close of markets on Thursday, February 15, 2024 and will be available at that time on its website at www.fairfax.ca.
Earlier today, Muddy Waters Research issued a report regarding Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) suggesting that the book value of Fairfax was overstated.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has acquired, through its insurance company subsidiaries, 2,000,000 common shares (the “Common Shares”) of Orla Mining Ltd. (TSX: OLA) (“Orla”) at a price of $4.65 per Common Share for an aggregate purchase price of approximately $9,300,000 through the facilities of the Toronto Stock Exchange (the “Share Purchase”).
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) has completed its previously announced offering of an additional US$200,000,000 of its 6.000% Senior Notes due December 7, 2033 (the “Notes”).
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has acquired, through its insurance company subsidiaries, 500,000 common shares (the “Common Shares”) of Orla Mining Ltd. (TSX: OLA) (“Orla”) at a price of $4.20 per Common Share for an aggregate purchase price of approximately $2,100,000 through the facilities of the Toronto Stock Exchange (the “Share Purchase”).
Fairfax Financial Holdings Limited announces that it has priced a private offering of an additional US$200,000,000 of its 6.000% Senior Notes due December 7, 2033 (the “Notes”) at an issue price of 100.998%, plus accrued interest.
Fairfax Financial Holdings Limited announces that it has declared an increased dividend of US$15.00 per share on its outstanding multiple voting and subordinate voting shares, payable on January 25, 2024 to shareholders of record on January 18, 2024.