Fairfax Financial Holdings Limited has filed a final short form base shelf prospectus with the Canadian securities regulatory authorities.
Fairfax Financial Holdings Limited has filed a preliminary short form base shelf prospectus with the Canadian securities regulatory authorities. The shelf prospectus will allow Fairfax to offer from time to time over a 25-month period up to Cdn$5.0 billion of debt, equity or other securities.
Fairfax Financial Holdings Limited announces that it has declared a quarterly dividend of C$0.286125 per share on its Series C Preferred Shares, C$0.24040 per share on its Series D Preferred Shares, C$0.18188 per share on its Series E Preferred Shares, C$0.17801 per share on its Series F Preferred Shares, C$0.3125 per share on its Series G Preferred Shares, C$0.3125 per share on its Series I Preferred Shares, C$0.3125 per share on its Series K Preferred Shares and C$0.296875 per share on its Series M Preferred Shares. The dividends on each of the Series C Preferred Shares, Series E Preferred Shares, Series G Preferred Shares, Series I Preferred Shares, Series K Preferred Shares and Series M Preferred Shares are payable on September 30, 2015 to shareholders of record on September 16, 2015.
Fairfax Financial Holdings Limited announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series G (“Series G Shares”) (TSX:FFH.PR.G) for the five years commencing October 1, 2015 and ending September 30, 2020. The fixed quarterly dividends on the Series G Shares during that period will be paid at an annual rate of 3.318% (Cdn.$0.207375 per share per quarter).
Fairfax Financial Holdings Limited announces that the proposed amendments to the terms of its multiple voting shares, as described in its management proxy circular dated June 12, 2015 and the supplement dated August 11, 2015, were approved by shareholders at Fairfax’s special meeting held earlier today, with 82.2% of Fairfax’s outstanding subordinate voting shares voting at the meeting.
Fairfax Financial Holdings Limited announces that it has made certain modifications to its previously-announced multiple voting share proposal in response to discussions with certain significant institutional shareholders of Fairfax, which are designed to provide additional minority shareholder protections. Those shareholders, as well as other significant institutional shareholders, have advised that they now intend to vote in favour of the proposal.
Fairfax Financial Holdings Limited announces a net loss of $185.7 million in the second quarter of 2015 ($8.87 net loss per diluted share after payment of preferred share dividends) compared to net earnings of $363.7 million in the second quarter of 2014 ($16.15 per diluted share after payment of preferred share dividends), principally reflecting unrealized losses on investments.
Fairfax Financial Holdings Limited announces that it has postponed its upcoming special meeting of shareholders (the “Special Meeting”) called to consider, and if deemed appropriate, to adopt a special resolution authorizing an amendment to Fairfax’s articles of incorporation, originally scheduled for July 21, 2015.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, July 31, 2015 to discuss its 2015 second quarter results which will be announced after the close of markets on July 30 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited announces that it has completed its cash tender offer to shareholders of Brit PLC. Fairfax has sold 29.9% of the Brit shares to Ontario Municipal Employees Retirement System (OMERS). Fairfax currently owns 70.1% of Brit and has the ability to repurchase the shares owned by OMERS over time.