Fairfax Financial Holdings Limited announced today that it has acquired, through its subsidiaries, 500,000 common shares of MEGA Brands Inc. (“MEGA Brands”) bringing its total holdings in MEGA Brands to 3,381,000 common shares or approximately 20.7% of the total common shares outstanding.
Fairfax Financial Holdings Limited and Zenith National Insurance Corp. announced today that Stanley Zax has decided to retire as the President and CEO of Zenith, Fairfax’s wholly-owned subsidiary, effective January 1, 2012.
Fairfax Financial Holdings Limited announces net earnings of $973.9 million in the third quarter of 2011 ($46.73 per diluted share) compared to net earnings of $388.1 million in the third quarter of 2010 ($18.44 per diluted share). The increase in net earnings arose primarily from net gains on investments of $1,588.0 million compared to net gains on investments of $316.4 million in the third quarter of last year.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, October 28, 2011 to discuss its 2011 third quarter results which will be announced after the close of markets on Thursday, October 27 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited announced today that it has acquired, through its subsidiaries, 366,000 Class A shares of International Forest Products Ltd., bringing its total holdings in the company to 10,338,900 Class A shares or approximately 18.85% of the total Class A shares outstanding.
Fairfax Financial Holdings Limited announces that it intends to make a Normal Course Issuer Bid, subject to regulatory approval, for up to 1,600,000 of its subordinate voting shares through the facilities of the Toronto Stock Exchange (the “TSX”). Purchases will be made in accordance with the rules and policies of the TSX and shares purchased will be cancelled.
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 and C$0.3125 per share on its Series I Preferred Shares.
Fairfax Financial Holdings Limited announces the acquisition of family-owned business William Ashley China, Canada’s largest prestige retailer of exclusive tableware and gifts.
Fairfax Financial Holdings Limited announces net earnings of $83.3 million in the second quarter of 2011 ($3.40 per diluted share) compared to net earnings of $23.7 million in the second quarter of 2010 ($0.87 per diluted share). The increase in earnings arose primarily from net gains on investments of $119.6 million compared to net losses on investments of $29.3 million last year.
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, July 29, 2011 to discuss its 2011 second quarter results which will be announced after the close of markets on Thursday, July 28 and will be available at that time on its website www.fairfax.ca.