Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 14, 2014 to discuss its 2013 year-end results which will be announced after the close of markets on Thursday, February 13 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited announces that it has agreed to purchase, through its subsidiaries, an additional $250,000,000 principal amount of 6% unsecured subordinated convertible debentures of BlackBerry Limited (“BlackBerry”) maturing on November 13, 2020 (the “Debentures”). The Debentures are convertible at the option of the holder into common shares of BlackBerry (“Common Shares”) at a price of $10.00 per Common Share.
Fairfax Financial Holdings Limited 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, 2014 to shareholders of record on January 21, 2014. Applicable Canadian withholding tax will be applied to dividends payable to non-residents of Canada.
Fairfax Financial Holdings Limited announced today that it has acquired, through its subsidiaries, 2,000,000 Class A non-voting shares (“Class A Shares”), representing 3.9% of the outstanding Class A Shares of Reitmans (Canada) Limited (“Reitmans”), bringing its total holdings in the company to 7,066,100 Class A Shares or approximately 13.8% of the total Class A Shares outstanding.
Fairfax Financial Holdings Limited announces that it has declared a quarterly dividend of C$0.359375 per share on its Series C Preferred Shares, C$0.296875 per share on its Series E Preferred Shares, C$0.3125 per share on its Series G Preferred Shares, C$0.3125 per share on its Series I Preferred Shares and C$0.3125 per share on its Series K Preferred Shares.
Fairfax Financial Holdings Limited has completed its previously announced public offering of 1,000,000 subordinate voting shares at a price of C$431.00 per share, for gross proceeds of C$431 million. Net proceeds of the issue, after commissions and expenses, are approximately C$417.1 million.
Fairfax Financial Holdings Limited announced today that it has acquired, through its subsidiaries, ownership of $250,000,000 aggregate principal amount of 6% unsecured subordinated convertible debentures maturing on November 13, 2020 (the “Debentures”) of BlackBerry Limited (“BlackBerry”) representing 25% of BlackBerry’s private placement of an aggregate principal amount of $1 billion of Debentures that closed today.
Fairfax Financial Holdings Limited has announced today that it has entered into an agreement with a syndicate of underwriters under which the underwriters have agreed to buy on a bought deal basis 1,000,000 Subordinate Voting Shares (the “Subordinate Voting Shares”), at a price of C$431.00 per Common Share for gross proceeds of C$431,000,000 (the “Offering”). The offering is expected to close on November 15, 2013.
Fairfax Financial Holdings Limited announces a net loss of $571.7 million in the third quarter of 2013 ($29.02 net loss per diluted share after payment of preferred share dividends) compared to net earnings of $33.4 million in the third quarter of 2012 ($0.84 net earnings per diluted share after payment of preferred share dividends), primarily reflecting losses, mostly unrealized, on its investment portfolio, partially offset by strong underwriting results.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, November 1, 2013 to discuss its 2013 third quarter results which will be announced after the close of markets on Thursday, October 31 and will be available at that time on its website www.fairfax.ca.