Fairfax Financial Holdings Limited announced today that as a result of strong investor demand for its previously announced offering of Preferred Shares, Series I, the size of the offering has been increased to 10 million shares. The aggregate gross proceeds will now be $250 million. The offering will be underwritten on a bought deal basis to a syndicate of Canadian underwriters led by BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets and Scotia Capital Inc.
Fairfax Financial Holdings Limited announced today that it will issue in Canada 8 million Preferred Shares, Series I 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 led by BMO Capital Markets, CIBC World Markets Inc., RBC Capital Markets and Scotia Capital Inc.
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.
KIPCO – the Kuwait Projects Co. (KSE:KPROJ) – a diversified holding company headquartered in Kuwait, and Fairfax Financial Holdings Limited, a global insurance and reinsurance group based in Canada, announced today an agreement to sell 39.2% of Gulf Insurance Co. (GIC) (KSE:GINS) to Fairfax at a price of US$208.6 million (KD 59.85 million) or 900 fils (U$3.14) per share.
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 and C$0.21918 per share on its Series G Preferred Shares. The dividends are payable on September 30, 2010 to shareholders of record on September 22, 2010.
Fairfax Financial Holdings Limited announced today that it has acquired, through its subsidiaries, 2,666,400 Class A units (“Units”) of The Brick Group Income Fund (the “Brick”) at a price of $2.06 per Unit, bringing its total holdings of Units to 11,046,600 Units or approximately 19.99% of the total Units outstanding.