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.
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 has completed its previously announced offering of $400 million in aggregate principal amount of 6.40% Senior Notes due 2021. Net proceeds of the issue, after commissions and expenses of the issue, are approximately $397 million.
Fairfax Financial Holdings Limited announced today further amendments to certain terms of its previously announced offer to purchase for cash (as amended, the “Offer”) outstanding notes of the series listed in the table below (collectively, the “Notes”) of Fairfax and its wholly-owned subsidiaries Odyssey Re Holdings Corp. (“OdysseyRe”) and Crum & Forster Holdings Corp. (“Crum & Forster”).
Fairfax Financial Holdings Limited announces that it intends to offer $400 million in aggregate principal amount of 6.40% Senior Notes due 2021.
Fairfax Financial Holdings Limited announced today the results to date and the amendment of certain terms of its previously announced offer to purchase for cash outstanding notes of the series listed in the table below (collectively, the “Notes”) of Fairfax and its wholly-owned subsidiaries Odyssey Re Holdings Corp. and Crum & Forster Holdings Corp.
Fairfax Financial Holdings Limited announced today that it has priced a private offering of US$500 million of its 5.80% Senior Notes due 2021 (the “Notes”) at an issue price of 99.646. Fairfax intends to use the net proceeds from this offering, together with cash on hand, if necessary, to refinance an aggregate of US$500 million of existing notes issued by Fairfax and its subsidiaries.
Fairfax Financial Holdings Limited announced today that it has commenced an offer to purchase for cash (the “Offer”) up to US$500 million (the “Tender Cap”) aggregate principal amount of the series of outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) of Fairfax and its wholly-owned subsidiaries Odyssey Re Holdings Corp. and Crum & Forster Holdings Corp.
Fairfax Financial Holdings Limited announced today that it is offering US$500 million of its Senior Notes due 2021 (the “Notes”). Fairfax intends to use the net proceeds from this offering, together with cash on hand, if necessary, to refinance an aggregate of US$500 million of existing notes issued by Fairfax and its subsidiaries.