Fairfax Financial Holdings Limited announced today that it will issue in Canada 8 million Preferred Shares, Series K at a price of $25.00 per share, for aggregate gross proceeds of $200 million, on a bought deal basis to a syndicate of Canadian underwriters.
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. The dividends are payable on March 30, 2012 to shareholders of record on March 15, 2012.
Fairfax Financial Holdings Limited announces fiscal year 2011 net earnings of $45.1 million ($0.31 net loss per diluted share after payment of preferred share dividends) compared to $335.8 million ($14.82 per diluted share) in 2010, reflecting weaker underwriting results, primarily arising from an unprecedented severity of large catastrophe claims worldwide. Book value per share decreased to $364.55 at December 31, 2011 from $376.33 at December 31, 2010, a decrease of 0.4% (adjusted for the $10 per common share dividend paid in the first quarter of 2011).
Fairfax Financial Holdings Limited will hold a conference call at 8:30 a.m. Eastern Time on Friday, February 17, 2012 to discuss its 2011 year-end results which will be announced after the close of markets on Thursday, February 16 and will be available at that time on its website www.fairfax.ca.
Fairfax Financial Holdings Limited announced today that it has entered into an agreement to acquire approximately 25% of the issued and outstanding shares of Thai reinsurer, Thai Reinsurance Public Company Limited, for approximately US$70 million.
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 26, 2012 to shareholders of record on January 19, 2012.
Fairfax Financial Holdings Limited and Sporting Life Inc. announce today that Fairfax has purchased 75% of Sporting Life, one of Canada’s most prestigious sporting goods and sports apparel retailers, with the long-term goal of supporting the growth and expansion plans of the founders who continue to retain the balance of the shares.
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 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.