Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $125.5 million ($4.49 net earnings per diluted share after payment of preferred share dividends) in the first quarter of 2022 compared to net earnings of $806.0 million ($28.91 net earnings per diluted share after payment of preferred share dividends) in the first quarter of 2021.
/wp-content/uploads/2022/08/ff_logo_blue_en.png00Bruce Reid/wp-content/uploads/2022/08/ff_logo_blue_en.pngBruce Reid2022-04-28 12:00:292022-12-02 15:23:07Fairfax Financial Holdings Limited: Financial Results for the First Quarter
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that today it converted C$11,050,000 principal amount of convertible debentures (the “Convertible Debentures”) of Ensign Energy Services Inc. (“Ensign”) into 6,314,286 common shares of Ensign (“Common Shares”).
/wp-content/uploads/2022/08/ff_logo_blue_en.png00Bruce Reid/wp-content/uploads/2022/08/ff_logo_blue_en.pngBruce Reid2022-04-26 12:00:092022-12-02 15:22:53Fairfax Announces Conversion of Debentures of Ensign Energy Services Inc.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, April 29, 2022 to discuss its 2022 first quarter results, which will be announced after the close of markets on Thursday, April 28, 2022 and will be available at that time on its website at www.fairfax.ca.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) is pleased to announce the results of the vote on Directors at its April 21, 2022 Annual Shareholders’ Meeting. Each of the nominee directors listed in Fairfax’s management proxy circular dated March 4, 2022 was elected as a director. The voting results for the eleven directors nominated for election are set forth in the table below…
/wp-content/uploads/2022/08/ff_logo_blue_en.png00Bruce Reid/wp-content/uploads/2022/08/ff_logo_blue_en.pngBruce Reid2022-04-22 11:00:262022-12-02 15:22:39Fairfax Financial Holdings: Result of Voting for Directors at Annual Shareholders’ Meeting
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces additional details regarding its upcoming annual shareholders’ meeting. The hybrid meeting will be held both in-person and virtually, as originally announced, on April 21, 2022 and will commence at 9:30 a.m. Eastern Time, with the formal annual meeting and a presentation by Prem Watsa, Fairfax’s Chairman and CEO, followed by a Q&A session, all of which will be webcast in real time.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it will be hosting its annual shareholders’ meeting both in-person and virtually, as originally announced, on Thursday, April 21, 2022. Our expectation is that all of our Presidents will be attending the meeting in-person to greet our guests and to answer any questions.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series K (“Series K Shares”) (TSX: FFH.PR.K) for the five years commencing April 1, 2022 and ending March 31, 2027. The fixed quarterly dividends on the Series K Shares during that period, if and when declared, will be paid at an annual rate of 5.045% (C$0.315313 per share per quarter).
/wp-content/uploads/2022/08/ff_logo_blue_en.png00Bruce Reid/wp-content/uploads/2022/08/ff_logo_blue_en.pngBruce Reid2022-03-02 12:00:532023-06-26 16:46:44Fairfax Announces Reset Dividend Rate on Its Series K Preferred Shares and Quarterly Dividend on Series C, D, E, F, G, H, I, J, K and M Preferred Shares and Quarterly Dividend Rate for Series D, F, H and J Preferred Shares
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that today it converted C$8,264,000 principal amount of convertible debentures (the “Convertible Debentures”) of Avante Logixx Inc. (“Avante”) into 5,297,436 common shares of Avante (“Common Shares”). The Convertible Debentures were converted in accordance with their terms at a price equal to C$1.56 per Common Share.
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has acquired, through its subsidiaries, an aggregate of 5,416,000 subordinate voting shares (the “Subordinate Voting Shares”) of Fairfax India Holdings Corporation (TSX: FIH.U) (“Fairfax India”), representing 4.93% of the issued and outstanding Subordinate Voting Shares of Fairfax India, from two existing shareholders at a price of US$12.00 (approximately C$15.29) per Subordinate Voting Share for an aggregate purchase price of approximately US$64.9 million (approximately C$82.8 million) (the “Share Purchase”).
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) is pleased to announce that Peter Clarke has been appointed President of Fairfax.
Over the past 20 years, Peter has held the position of Vice President, Chief Operating Officer, Chief Risk Officer and Chief Actuary. He is a member of Fairfax’s Executive and Investment Committees, and he will continue in his role as Chief Operating Officer.
Prem Watsa, Chairman and Chief Executive Officer of Fairfax, commented, “Peter has done an outstanding job for Fairfax in numerous roles over the past two decades, and fully deserves his appointment as our President. In many ways, Peter has been the President of Fairfax for some time now; it just took us a while to realize it. There is no one who represents Fairfax culture any better – smart, hard-working with no ego! I look forward to continuing to work very closely with Peter.”
Fairfax Financial Holdings Limited: Financial Results for the First Quarter
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $125.5 million ($4.49 net earnings per diluted share after payment of preferred share dividends) in the first quarter of 2022 compared to net earnings of $806.0 million ($28.91 net earnings per diluted share after payment of preferred share dividends) in the first quarter of 2021.
Fairfax Announces Conversion of Debentures of Ensign Energy Services Inc.
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that today it converted C$11,050,000 principal amount of convertible debentures (the “Convertible Debentures”) of Ensign Energy Services Inc. (“Ensign”) into 6,314,286 common shares of Ensign (“Common Shares”).
Fairfax Announces Conference Call
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) will hold a conference call at 8:30 a.m. Eastern Time on Friday, April 29, 2022 to discuss its 2022 first quarter results, which will be announced after the close of markets on Thursday, April 28, 2022 and will be available at that time on its website at www.fairfax.ca.
Fairfax Financial Holdings: Result of Voting for Directors at Annual Shareholders’ Meeting
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) is pleased to announce the results of the vote on Directors at its April 21, 2022 Annual Shareholders’ Meeting. Each of the nominee directors listed in Fairfax’s management proxy circular dated March 4, 2022 was elected as a director. The voting results for the eleven directors nominated for election are set forth in the table below…
Fairfax Announces Hybrid Annual Shareholders’ Meeting Details
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces additional details regarding its upcoming annual shareholders’ meeting. The hybrid meeting will be held both in-person and virtually, as originally announced, on April 21, 2022 and will commence at 9:30 a.m. Eastern Time, with the formal annual meeting and a presentation by Prem Watsa, Fairfax’s Chairman and CEO, followed by a Q&A session, all of which will be webcast in real time.
Annual Shareholders’ Meeting Update
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it will be hosting its annual shareholders’ meeting both in-person and virtually, as originally announced, on Thursday, April 21, 2022. Our expectation is that all of our Presidents will be attending the meeting in-person to greet our guests and to answer any questions.
Fairfax Announces Reset Dividend Rate on Its Series K Preferred Shares and Quarterly Dividend on Series C, D, E, F, G, H, I, J, K and M Preferred Shares and Quarterly Dividend Rate for Series D, F, H and J Preferred Shares
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series K (“Series K Shares”) (TSX: FFH.PR.K) for the five years commencing April 1, 2022 and ending March 31, 2027. The fixed quarterly dividends on the Series K Shares during that period, if and when declared, will be paid at an annual rate of 5.045% (C$0.315313 per share per quarter).
Fairfax Announces Conversion of Debentures of Avante Logixx
Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that today it converted C$8,264,000 principal amount of convertible debentures (the “Convertible Debentures”) of Avante Logixx Inc. (“Avante”) into 5,297,436 common shares of Avante (“Common Shares”). The Convertible Debentures were converted in accordance with their terms at a price equal to C$1.56 per Common Share.
Fairfax Announces Acquisition of Additional Fairfax India Shares
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) (“Fairfax”) announces that it has acquired, through its subsidiaries, an aggregate of 5,416,000 subordinate voting shares (the “Subordinate Voting Shares”) of Fairfax India Holdings Corporation (TSX: FIH.U) (“Fairfax India”), representing 4.93% of the issued and outstanding Subordinate Voting Shares of Fairfax India, from two existing shareholders at a price of US$12.00 (approximately C$15.29) per Subordinate Voting Share for an aggregate purchase price of approximately US$64.9 million (approximately C$82.8 million) (the “Share Purchase”).
Fairfax Financial Holdings Limited: Executive Announcement
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) is pleased to announce that Peter Clarke has been appointed President of Fairfax.
Over the past 20 years, Peter has held the position of Vice President, Chief Operating Officer, Chief Risk Officer and Chief Actuary. He is a member of Fairfax’s Executive and Investment Committees, and he will continue in his role as Chief Operating Officer.
Prem Watsa, Chairman and Chief Executive Officer of Fairfax, commented, “Peter has done an outstanding job for Fairfax in numerous roles over the past two decades, and fully deserves his appointment as our President. In many ways, Peter has been the President of Fairfax for some time now; it just took us a while to realize it. There is no one who represents Fairfax culture any better – smart, hard-working with no ego! I look forward to continuing to work very closely with Peter.”